Iran Daily Market Update

March 12, 2017

Market Summary

TSE All-Share Index

 

The TSE All-Share Index continued its run of minor gains, closing up 0.02% or 13 points at 76,329. Transportation & Logistics (+1.03%) recorded the highest daily growth among sectors. Metallic Products (-11.80%) was the weakest, mostly due to a sharp fall by Ma­chine Sazi Arak Mfg. Co. (MARK -16.59%) which resumed trading today after four months suspension. The highest trading volume of the day among sectors belonged to Chemicals (+0.08%) with IRR 111 billion (approx. USD 3 million) worth of trades. Today the compa­nies making the largest impact on the TSE All-Share Index included Machine Sazi Arak Mfg. Co. (MARK -16.59%), National Iranian Copper Industries Co (MSMI +2.23%) and Ghadir Investment Co. (GDIR -1.81%). MAPNA Group (MAPN -1.2%) was the most active stock with IRR 72 billion (approx. USD 1.9 million) of shares traded. The total traded value of the TSE gained 40% to close at IRR 4,546 billion (approx. USD 121 million), boosted by a number of block trades in various stocks.

 

TSE30 Index

The TSE30 index of the thirty largest companies by market capitalization closed up 0.03% at 3,077. National Iranian Copper Industries Co (MSMI +2.23%) was the top performer of the day, while Ghadir Investment Co. (GDIR -1.81%) had the largest decline. The total traded value of the top 30s lost 26% to IRR 422 billion (approx. USD 12.8 million).

Stocks to Watch

Mobin Petrochemical Co. updated its projections for the current and next financial year. The company has adjusted its depreciation method using a longer life span for various assets. This has led to lower costs which have pushed up forecast net income for the cur­rent financial year ending March 19 by 3.8% to IRR 11,784  billion (approx. USD 314 mil­lion). Mobin’s initial forecast for net income next year foresees a further 9% increase to IRR 12,904 billion (approx. USD 344 million).

 

Market Information

Index

 

Value

Unit Change

% Change

TSE All-Share Index

76,329

13

 

0.02

TSE30 Index

 

3,077

0.8

 

0.03

Traded Value (USD million)

121

34

 

40

Volume (million shares)

2,339

1,256

 

116

 

 

 

 

 

 

Top Influencers

 

Close ($Cents)

% Change

Machine Sazi Arak Mfg. Co.

5.7

 

16.59

National Iranian Copper Industries Co.

5.1

 

2.23

Ghadir Investment Co.

3.4

 

1.81

MAPNA Group

20.0

 

1.20

 

 

 

 

 

 

Top Gainers

 

Close ($Cents)

 

% Change

Sepah Investment Co.

3.3

 

5.24

Bafgh Mining Co.

3.2

 

5.00

Dana Insurance Co.

8.7

 

4.99

Bahonar Copper Industries Co.

6.9

 

4.90

 

 

 

 

 

Sectors with Highest Daily Change

Value

 

% Change

Transportation & Logistics

3,816

 

1.03

Machinery & Equipment

14,783

 

0.95

Engineering Services

712

 

1.16

Metallic Products

33,938

 

11.80

 

 

 

 

 

 

Highest Daily Traded

 

Volume (M Shares)

Value ($ M)

MAPNA Group

9

 

1.9

Iran Transfo Corp.

4

 

1.7

Machine Sazi Arak Mfg. Co.

21

 

1.2

Fajr Petrochemical Co.

6

 

0.9

 

 

 

 

 

 

FX Daily Change

 

IRR

 

% Change

USD Official

 

32,418

 

0.00

USD Free Market

 

37,455

 

0.01

EUR Official

 

34,603

 

0.00

EUR Free Market

 

40,526

 

1.81

Blue Chips Ticker’s Update

Closed Tickers: -

Re-Opened Tickers: Machine Sazi Arak Mfg. Co. (MARK),


IPO: -

** All figures in USD are converted from IRR at the free market rate

Turquoise Partners - Firouzeh Asia Brokerage

All Rights Reserved - 2017

Follow us on