“The attraction of Jam Petrochemical stock for the market is due to JPC high potential and profitability trend in desired future.”
According to JPC public relations, regarding increase in stock price, Ms. Malihe Alifari, the Chief of JPC stock affairs and economic analysis, said that the price of JPC share in securities and exchange market has increased from 18.800Rials on November 6, 2013 to 20.751Rials on December 28, 2013.
Based on this report Alifari added: meanwhile the share price reached 23.097Rials and had a positive trend during this period. This issue, in addition to the existence of favorable stock market atmosphere, sheds light on the shareholders’ hope for the bright future of the company because of its high potentiality, pending development plans, and profitability trend.
The chief of JPC stock affairs pointed out: Jam Petrochemical Company was registered in the list of registered companies in Tehran Securities and Exchange Organization on October 24, 2011 and this company achieved acceptance in over the counter secondary market on February 19, 2013.
She continued: “this company, which is in petrochemical products category, was registered as the 80th transaction symbol and the 28th company in secondary market in over the counter on June 1, 2013. On September 17, 2013, by primary supplying of 217.9 million shares by the company main shareholders in over the counter secondary market, each share was discovered by 14900Rials. The attraction of Jam Petrochemical stock for the market is due to JPC high potential and profitability trend in desired future.”