20391
Trading of Parsian Shares Halted
Economy, Business And Markets

Trading of Parsian Shares Halted

 Trading of Parsian Bank’s shares was halted at the stock market on Wednesday due to the revision of earnings per share forecasts. According to Bourse Press, the lender’s symbol, Vpars, stopped trading so it could revise its earning down 20%. The drop is the result of a decrease in divided income of the bank with 1.584 shares in the market. Parsian’s shares have dropped 24% from 2,360 rials ($0.071 at market exchange rate) on March 28 to 1781 rials ($0.053) on Wednesday. Trading will resume after the release of new reports by the Tehran-based lender in the coming days. Its annual general meeting is also close. Parsian is a major Iranian private bank, founded in February 2002 as a nongovernmental bank. The lender now has 288 branches across Iran, 159 of which are in Tehran. The bank entered Tehran Stock Exchange in 2004. In addition to traditional banking services, Parsian also offers diversified services such as insurance and car rentals.

 

Short URL : http://goo.gl/3Pnp4e

You can also read ...

CBI Moves to Sideline USD
As part of the latest measure to ditch the US dollar from the...
Effects of Sanctions on Food Consumption of the Poor
It is now clear that the purpose of US sanctions against Iran...
Sanctions, Banking Troubles Facing Iranians in Hong Kong
Banking for companies that do business with Iran–as well as...
Surcharge on Forex Rate Difference “Illegal”
The retrospective application of Clause Five of the government...
New Online System to Monitor Warehouses Countrywide
All warehouses in Iran are required to register in the so-...
Bank Loans Hit €18 Billion in 4 Months
Banks and credit institutions allocated a total of 1.67...
Sesame Oil, Products Imported From  6 Countries
More than 1.38 million tons of sesame oil and products worth $...
Gov’t to Build  2 New Towns
The Iranian government will commence the process of building...

Trending

Googleplus