Bargh Mapna Company is a subsidiary of MAPNA Group companies involved in construction and installation of energy production machinery, including boilers, gas and steam turbines, electrical generators, as well as industrial. This company, BMAZ, was highly favored and thus traded in today’s market and about 5 million shares of BMAZ’s equities changed hands in Iran Fara Bourse (IFB).
There is much anecdotal evidence that there would be a rise in electricity bills by the government and this in turn led to the 5 percent trading in positive for the symbol. As volatility still extends in the overall market and in Bargh Mapna’s transactions in particular, one may not prefer to enter at these prices, but rather participate in day trading to save profits. BMAZ seems to be fluctuating between 9880-13200 IRR. Provided that this share manages to break the resistant range between 13000-13200 IRR, it would exit the downward trend.
TSE at a Glance
Summary of Trades
IFB at a Glance
Trading Halts & Delays
What we can sense from the reading of the statistics and figures posted day-on-day on TSE and IFB is that the market practitioners are still weighing the circumstances and conditions to stage orders as big as it was on the occasion of nuclear deal agreement. As Iran is living in a global village, in essence its equities and capital markets are subject to fluctuations exerted by the ups and downs recently happened to Chinese equities being dubbed as flash crash but perhaps in less severe scales to its prior predecessors. Thus, the positive pickup in the prices in global markets helped boost Tehran Exchange Market, albeit not dramatically as of today due to the end of the week’s positive volatilities to compensate for one of the worst turbulences in the years before panicking many investors interested in the field.
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