71706
SAIPA Returns to TSE Trading
Economy, Business And Markets

SAIPA Returns to TSE Trading

Following a 105-day hiatus, the Securities and Exchange Organization reopened the shares of SAIPA, Iran’s second largest automaker, for trading on Sunday after the Tehran Stock Exchange-listed company updated its financial statements. SAIPA’s shares, with a market capitalization of $1.2 billion, dropped 15.01% in value as the trading day closed to reach 1,189 rials per share. Its current earnings per share and P/E ratio stand at 141 rials and 8.43 respectively. The company’s shares have been closed since May 21 due to a 158% diluted EPS for the last fiscal year (March 2016-17). TSE set no trading cap for the company’s return, prompting the significant drop in its value, Bourse Press reported.

Short URL : https://goo.gl/1AVfwX
  1. https://goo.gl/bh8oAS
  • https://goo.gl/uHq7k3
  • https://goo.gl/qvKhoz
  • https://goo.gl/roPV8N
  • https://goo.gl/VisVZ8

You can also read ...

Calls for Changing Forex Policy
As Iran is dealing with the ramifications of the government's...
French Business Chief in Iran Sees Bleak European Prospects
The head of France’s business lobby in Iran said on Friday EU...
Maersk Tankers Ends Iran Shipping
Danish shipping group Maersk Tankers on Thursday said it would...
S. Korea Discusses Contingency Plans on Iran Sanctions
The South Korean government held an inter-agency meeting on...
BMI: US Deal Pullout to Have Limited Impact on Mining Industry
The reimposition of US sanctions on Iran will only have a...
The reduction of the available volumes of semi-finished steel from Iran is expected to influence billet and slab prices  in the global market, pushing them upward.
Iranian steelmakers and customers in major outlet regions such...
Global insurers are reviewing the effects of US pullout from the Iran deal.
Global insurers are taking stock of how the US withdrawal from...
Citroen Presells 2,000 C3s in Iran Debut
Through a joint venture with Iranian carmaker SAIPA, French...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus