- The CEO of Iran Fara Bourse (IFB) announced the launching of SME Market in the near future relying on the Securities and Exchange Organization of Iran (SEO). As Mr. Hamooni said, the combination of the listing board has been defined and the first series of companies are being examined; in case of being approved, these firms will be listed and offered to the public.
- Stating the request by Shatel Company to release Ijarah and Murabeha Sukuks worth $0.28 mn in 5 phases, Dr. Mohamad Reza Mohseni, as the CEO of Central Securities Depository of Iran (CSDI), announced companies’ interest in financing through the capital market since Mahan Airline released Ijara Sukuks worth $59.09 mn in IFB in Khordad month (May-June) which were sold in a second.
- In line with the CBI’s attempts to put the interest rate for lending and bank deposits in line with the inflation rate, the Economic Commission of Majlis allowed the lowering of the banking interest rate to 12% provided that the inflation rate becomes stabilized in the country; stability of the inflation rate would be measured in a 3-5 year period.
In the Market
As can be seen in tables below, the value and volume of trading dropped significantly, compared to the session before. Names in the Automotive group ended beneath their flat lines, following the recently started trend. Saipa Group (Khesapa) shed 1% and after 43 mn shares changed hands, was titled as the highest volume traded share. Iran Khodro Diesel (Khavar) went down 2%; besides, 15 mn shares of Khavar were block traded in the retail market. However, spare parts manufacturing names registered a better performance such that Iran Tractor Mfg. (Khahen) kept its buy queue.
Symbols in the Oil Products space went through negative trades. Lavan Oil Refining (Shavan) and Shiraz Oil Refining (Sheraz) were the few ending in the green.
Iran Arqam (Marqam) in the Computer industry closed the session with a buy queue while Iran Data Processing (Madaran) and Iran Informatics Services (Ranfour) were positively traded.
Most tickers in the Iron Ore group and Metals industry witnessed negative trades. Albeit, Khuzestan Steel (Fakhouz), Hormozgan-e Jonoub (Hormoz) as well as Iran Pipe and Machinery Mfg. (Faloule) finished in the green zone. Furthermore, National Iranian Copper Industries (Fameli) closed in the +0% area.
Despite the negative momentum dominating most names, symbols in the Sugar space changed hands at higher prices such that Qazvin Sugar (Qazvin) faced a buy queue.
A great number of trackers in the Transportation group went through balanced trades. Tide Water Middle East (Hetide) and Parsian Rail Transportation Development (Heparsa) experienced the highest growth. Ganjine-ye Aram-e Shahr Fund still plays the role of the buyer for Hetide.
TSE at a Glance
Summary of Trades
Top 10 Stocks
Major Sectors’ Daily Performance
Trading Halts and Reopenings
IFB at a Glance
DISCLAIMER: This report has been prepared and issued by Agah Brokerage Firm on the basis of publicly available information, internally developed data and other sources believed to be reliable. The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. Agah does not assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions. Any expressions of opinions are subject to change without notice.
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