- Contrary to some experts’ predictions regarding the unhealthy conditions even when the market starts to boom, the statistics show that the Metals sector has been able to post a 12.2% growth rate in the recent trading sessions. The reason for such a significant growth has been mentioned to be the changes in investors’ attitude, from short term to long-term viewpoint and from relying on shares’ profitability to their replacement value.
- Concurrent with Mr. Zarif trip to London, the director of the British Iranian Chamber of Commerce announced the interest and eagerness among British enterprises to renew commercial ties with Iran within the next few months, as the result of which British economic delegations are heading to Iran.
- Chadormalu Mining and Industrial Company has predicted to make $0.01 EPS for the FY ending 19 March 2016; showing 1% increase compared to the same period last year, the company has managed to cover 60% of this amount over the 0-month period.
In the Market
Most tickers in the Banking sector experienced price growth. Bank Saderat topped the sector in terms of the highest traded value and volume, after trading more than 450 mn shares. Bank Day also ended with a 2 mn-share buy queue after trading more than 89 mn shares. Post Bank and Bank Parsian also faced with buy queues. The only negative symbol was Bank Karafarin, which witnessed a 3% drop.
Nearly all symbols in the Automotive sector ended in the green and faced with buy queues of which Pars Khodro Company and Bahman Group can be mentioned. The former topped the sector in terms of the highest volume traded and ended with a 40 mn-share buy queue. Besides, it has been heard that Zamyad Company has entered into a contract with the Ministry of Roads and Urban Development to sell 17,000 buses, which resulted in the share’s 3.26% price hike.
Most symbols in the Metals sector were positively traded among which tickers like Esfahan Steel Company faced buy queues. It has been heard that Tuka Foolad Investment Company has plans to buy shares of Tuka Refractories Company in a block trade; this ended in the share facing a buy queue. Trading negatively, however, Esfahan’s Mobarake Steel Company experienced a 1% drop and after trading more than 73 mn shares, it topped the sector in terms of the highest volume traded.
Just like the previous trading session, most symbols in the Chemicals sector were traded negatively. More than 34 mn shares of the Iranian Petrochemical Investment Company were traded among individual investors and it was crowned as the highest volume traded share. Tickers, including Polyacryl Company, Sina Chemical Industries Company and Farabi Chemical Company faced with buy queues.
Finally, most tickers in the Oil Products sector ended in the green, although some such as Iranol Oil Company and Pasargad Oil Refining Company ended in the red. Lavan Oil Refining Company and Tabriz Oil Refining Company were warmly welcomed by investors’ experiencing a 5% growth, Bandar Abbas Oil Refining Company ended with a buy queue and topped the sector in terms of the highest value traded share. Experiencing a 3% drop, however, Sepahan Oil Refining Company was the only symbol with a sell queue.
TSE at a Glance
Summary of Trades
TSE’s Top 10 Stocks
TSE Major Sectors’ Daily Performance
Trading Halts and Reopenings
IFB at a Glance
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