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EghtesadOnline: 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.

 

TSE Tehran Stock Exchange Saipa Iran SEO Iran Securities and Exchange Organization Iran SAIPA TSE Trading SAIPA financial statements