30848
Tehran Chemie Shares Soar 187% in a Year
Economy, Business And Markets

Tehran Chemie Shares Soar 187% in a Year

Just as the slump in Tehran Stock Exchange enters third year, drug producer Tehran Chemie, whose shares are getting a test run on the TSE, has done phenomenally well with its shares soaring 187% over the past one year (236 trading days). The company’s shares rose in all those trading sessions without fault. “Other than supply and demand, and buyer’s enthusiasm, there are no special reasons for the stock’s growth,” Bourse Press cited an unidentified Tehran Chemie executive as saying. Not all is spectacular for the 50-year-old company, though. TSE reviewed the company’s case for being fully listed on the exchange and said the firm is short on capital with 148 billion rails ($4.1 million at market exchange rate).TSE’s minimumreq uirement  is 200 billion rials.) Also, the drugmaker scored poorly in reporting and transparency, and floated less than 3% of its stocks. If the company is not allowed to be listed on the TSE, it will be listed with the Iran Fara Bourse over-the-counter market, which is more welcoming to small companies.

Short URL : http://goo.gl/N1nAri
  1. http://goo.gl/ykqbyZ
  • http://goo.gl/CrwMUC
  • http://goo.gl/zkoFZI
  • http://goo.gl/ILHCDt
  • http://goo.gl/iZfwBN

You can also read ...

Forex Rates Jump After Gov’t Stops Cheap Currency Allocation
Foreign exchange rates in the unofficial market registered...
Int’l Airlines’ Presence in Iran Boosted After JCPOA
A total of 51 foreign airlines are now operating in Iran, up...
Facebook Lures Google Engineer to Head Its Own Chip Development
Facebook Inc. has sent another signal that it is serious about...
US Confiscates 500 Iranian Bitcoins
The US federal government confiscated at least 500 Bitcoins...
Export Billet Prices Increase on Reduced Availability
Iranian export billet prices increased by $5-10 per ton over...
New MacBook Features Dust-Repelling Keyboard
Apple’s new MacBook Pro keyboards are slightly quieter than...
Platform to Promote FATA-IFA Interactions
A new platform has been launched to facilitate interactions...
Tehran to Host Startup Week
Attended by fintechs and startups, Tehran is to host a week-...

Trending

Googleplus