Federica Mogherini announced at the beginning of 2016 that the European Union must start high level negotiations with Iran in fields such as energy and commerce. She further continued to stress out that the European commission is going to start new economic relations with Iran. She also clarified on this point the European commission must prepare the conditions to resume economic and business relations with Iran as soon as the international sanctions are relieved.
Authorities in national petrochemical industry have started talks and negotiations with major countries such as England, Germany and France regarding agendas such as transferring technologies, investing and scientific collaborations with them. These negotiations were held between Iran’s petrochemical industry and international companies while a delegation of some senior managers at the petrochemical sector travelled to Vienna in order to introduce potential and new opportunities in the petrochemical industry now that the sanctions are intended to be removed.
TSE at a Glance
Summary of Trades
IFB at a Glance
Trading Halts & Delays
Despite market activists’ expectations regarding the market growth and bloom after the nuclear agreement, the market showed a very different and somehow strange behavior indicating a rather harsh fall. In this regard, different theories were mentioned, including the market manipulation by the institutional investors who might have manipulated the price and the consequent market fall. In fact, according to some experts, institutional investors competed with each other to sell their shares regardless of what happened to the market in such a way that a few days after the nuclear deal between Iran and P5+1, when many market activists dreamed of the return of the previous golden days of the market, the market was gradually dragged down. Although some authorities attempted to explain and justify their behaviors, we have seen a rather positive trend in the market started from Wednesday. Fortunately, there is some news on the actual removal of sanctions against some major sectors of the exchange market which can also raise optimism and hope about the market future. Such issues along with the improvements in exchange transactions in the country can lead to the growth of the market overall index. As a result, we will carefully keep watching the market behavior to see what will eventually happen and how the upcoming changes will affect the market.
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.
To contact the reporters: Negar Moshirfatemi at firstname.lastname@example.org