Trading of Amir Kabir Petrochemical Company's shares under the symbol 'Shakbir' has commenced in the second market of the Iranian Over-the-Counter Exchange after meeting legal requirements. This company, which previously operated in the base market of the Over-the-Counter Exchange, was transferred to the second market on November 25 of this year and will be traded today in one of the main markets of the Over-the-Counter Exchange. This change in position is considered an important step towards enhancing the trading status of the shares.
Increase in Floating Shares and Management Priorities
The symbol 'Shakbir' is classified under the chemical products group and the subgroup of basic chemical production excluding fertilizers. The company's management has stated that increasing liquidity and supporting small shareholders are among the main priorities of this organization’s programs. In this regard, the amount of free-floating shares has increased to about 8%, an action aimed at improving liquidity and managing the trading of the shares.
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Profitability Forecast and Production Status
Fariborz Vaisi, the financial and investment manager of Amir Kabir Petrochemical, stated at the ceremony for the start of trading for the symbol 'Shakbir' in the second market of the Over-the-Counter Exchange that continuous efforts have been made over the past two years to enhance the trading status of the shares and support small shareholders. He also mentioned the creation of commitments through the market-making fund, which has contributed to increasing floating shares and improving liquidity.
Vaisi assessed the company's production status as stable and announced that production in the downstream and polymer products continues steadily. He also pointed out the value of 'Shakbir' shares in the second market of the Over-the-Counter Exchange based on future development plans and public interest in the petrochemical industry in the capital market. According to him, the company has recognized about 2.4 trillion tomans in profit in the first half of this year, and this figure is expected to reach 6 to 7 trillion tomans by the end of the year.
This transfer of the symbol to the second market of the Over-the-Counter Exchange, along with the increase in floating shares, represents two key transformations for Amir Kabir Petrochemical. Upgrading the trading market can strengthen the symbol's position among shareholders, and increasing floating shares can also improve the liquidity of the shares. Alongside these transformations, the forecast of a profit of 6 to 7 trillion tomans by the end of the year has attracted market attention to the company's financial performance.
Ultimately, the trading outlook for the symbol 'Shakbir' in the second market of the Over-the-Counter Exchange depends on the success of market-making programs, maintaining liquidity, and achieving profitability forecasts. Additionally, the continued stability of production and progress in development plans will be important factors in assessing the operational future of Amir Kabir Petrochemical.
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