Mobarakeh Steel Hits Buy-Queue Lock Monday, Gains 2.99%; Still 8.1% Below Its Pre-Halt Price

Today, Monday August seventeenth, Mobarakeh Steel had buy orders at all five price levels but not one single seller. Just yesterday this same stock hit its lowest price since reopening, but today the direction flipped completely. Today's closing price reached two thousand three hundred forty two rials, up two point nine nine percent from yesterday. Mobarakeh Steel, Iran's largest steelmaker, reopened on August eighth after nearly five months of being halted. On today's board, Mobarakeh Steel was just one trading day away from its lowest price since reopening. The gap to its pre-halt price was near fourteen percent two days ago; today it is eight percent. Today institutions sold nearly one billion shares, and retail investors bought every single one of them. The average retail buy order today was about two hundred seventy million tomans, thirteen times the average sell order. Tehran's TEDPIX index also gained two point three percent today and hit a fresh record. Mobarakeh Steel is one of the most widely held stocks among retail investors. Let's walk through Mobarakeh Steel's week, from its reopening price to today's buy queue. If tomorrow's queue holds, the stock's next test is the two thousand five hundred rial channel. We will be watching whether tomorrow's queue holds or breaks under fresh selling, just like last week. Mobarakeh Steel posted its first full buy queue since reopening, still near eight percent below pre-halt. Read the full story on Sahmino dot com. Will tomorrow's buy queue hold, or break?