April 2007 March 2007

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April 2007 March 2007 International Department Market Summary For the 20 trading days in April, the TSE evidenced transactions in (Names in the parentheses are domestic names of 4,560.8million shares and rights worth $649.4 million. These figures companies in Iran.) demonstrate a 55 and 59 percent decrease related to the volume and value of trades respectively over the previous month. Of the 334 listed companies in the TSE, shares and rights of 272 companies were Top Performers traded for the month of Aprill. Market price rose for 166 companies, “ while it fell for 136 companies, and showed no change for the Top Gainers: Price Movement remaining 30 companies. Name Industrial Group Total market capitalization for April reach to $42,452 million, (IRR*) (%) Pumpiran(Pompsazie demonstrating a 1% decrease as compared to the previous month Machinery & Equipment ($42,902 million in Feb.). Iran ) 578 35.63 The number of purchasers and number of trades were 74,331 and ind.Co. Clay China Non-metalic mineral 145,642 respectively for the month. These figures demonstrate a Iran(Khake Chinie Iran) products 1,194 29.8 Group Industrial 11and 26 percent decrease in the numbers of purchasers and trades Tanning & Dressing of Melli(Grouhe Sanatie Leathers respectively compared to the previous month (66,631 and 115,149 in Meli) 199 28.67 April). Co. Cable Alborz(Kable Electric Machinery & 3,556 Participation Certificates worth $0.3 million were also traded Alborz) Apparatus 209 28.59 during this month. Chemicals & By- Co. Loabiran(Laabiran) Indices products 419 22.62 Index 07-Apr 07-Mar Change (%) TEPIX[1] 9,758 9,857 (1.00) Top Losers: Industrial Index 7,776 (1.05) Price Movement 7,694 Name Industrial Group Financial Index 20,605 20,963 (1.71) (IRR) (%) TEDIX[2] 5,193 5,182 0.21 Co. prepration Foundry Other Mining & TEDPIX[3] 30,901 (0.79) 7,830 61.03 30,656 sand(taamine Quarrying TSE-50[4] 677 699 (3.15) Masehe Rikhtegari ) Chemicals & By- Tolypers (Tolipers) 3,766 41.28 1. TSE Price Index products Co. Pharmacutical 2. TSE Dividend Index Medical, Precision & Zahravi(darosazie 10,228 40.05 3. TSE Dividend & Price Index Optical Instruments 4. TSE 50 Most Active Companies Index Zahravi ) Co. Oil Pars(nafte Chemicals & By- 5,878 33.75 Pars) products Co. Ceramic & Tile Non-metalic mineral Sina (Kashi va 600 30.00 products Seramice Sina ) Market Capitalization / Sector Market Cap. (million US$) Change (%) % of Industrial Group December 31, March 31, December 31, Total April 31, 2007 March 31, 2007 2006 2007 2005 MC 1 Basic Metals 7,622.10 7,627.87 4,244.98 (0.08) 79.56 17.95 2 Motor Vehicles, Trailers 6,164.44 6,169.11 5,559.03 (0.08) 10.89 14.52 3 Chemicals & By-products 6,127.35 6,131.99 7,001.39 (0.08) (12.48) 14.43 4 Non-metalic mineral products 5,541.83 5,546.03 5,686.61 (0.08) (2.55) 13.05 5 Mining of Metal Ores 4,211.93 4,215.12 4,837.92 (0.08) (12.94) 9.92 6 Financial Intermediation 3,674.40 3,677.18 1,566.31 (0.08) 134.59 8.66 7 Diversified Holding Companies 3,463.39 3,466.02 3,190.64 (0.08) 8.55 8.16 8 Real Estate Activities 1,590.95 1,592.15 1,546.70 (0.08) 2.86 3.75 9 Foods products & Beverages 896.91 897.59 919.21 (0.08) (2.43) 2.11 10 Refined Petroleum Products & Nuclear Fuel 637.77 638.25 631.83 (0.08) 0.94 1.5 11 Rubber & Plastic Products 434.68 435.01 446.21 (0.08) (2.58) 1.02 12 Machinery & Equipment 425.7 426.02 459.53 (0.08) (7.36) 1 13 Electric Machinery & Apparatus 414.72 415.03 441.62 (0.07) (6.09) 0.98 14 Computer &related activities 336.62 336.88 370.89 (0.08) (9.24) 0.79 15 Construction 266.11 266.31 365.66 (0.08) (27.23) 0.63 16 Fabricated Metal Products 163.99 164.12 165.45 (0.08) (0.88) 0.39 17 Land Transport 136.25 136.35 162.86 (0.07) (16.34) 0.32 18 Radio, TV & Communication Equipment 93.7 93.77 94.18 (0.07) (0.51) 0.22 19 Paper & By-products 51.71 51.75 50.41 (0.08) 2.58 0.12 20 Publishing, Printing & Reproduction Media 40.77 40.8 45.97 (0.07) (11.31) 0.1 21 Tanning & Dressing of Leathers 23.88 23.9 18.62 (0.08) 28.25 0.06 22 Other Transport Equipment 23.33 23.35 23.4 (0.09) (0.30) 0.05 23 Furniture 23.09 23.11 23.16 (0.09) (0.29) 0.05 24 Mining of Coal & Lignite 18.71 18.73 22.2 (0.11) (15.70) 0.04 25 Other Mining & Quarrying 17.02 17.04 14.68 (0.12) 15.96 0.04 26 Textiles 16.65 16.66 15.88 (0.06) 4.85 0.04 27 Medical, Precision & Optical Instruments 11.17 11.18 14.15 (0.09) (21.06) 0.03 28 Agriculture 9.26 9.27 9.3 (0.11) (0.42) 0.02 29 Other business activities 8.54 8.54 8.66 0.00 (1.40) 0.02 30 Wood & By-products 5.51 5.51 5.64 0.00 (2.31) 0.01 Total 42,452.49 42,484.64 37,943.33 (0.08) 11.88 100 Market Capitalization: New Listings Market Type of % of Total Name Cap. There was a new listed company in the last month(Dashtestan Cement Company MC (million $) Co. Ind.) ; the number of listed companies reached to 334. Isfahan Mobarakeh Steel 1 Co. (Isfehan folade Basic metals mobarake) 3,218.08 7.58 Ind.Co. Copper National 2 Basic metals Iran(Sanaye Mese Iran) 2,864.15 6.75 Automobile 3 Saipa Co. Manufacturer 2,254.38 5.31 Khark Petrochemical Co. Chemicals & 4 (Petroshimie Khark) By-products 1,849.08 4.36 Ghadir Investment Co. Investment 5 (Sarmayegozarie Gadir) Company 1,553.23 3.66 Iran Khodro Industrial Group Automobile 6 (Grouhe Sanatie Iran Manufacturer Khodro) 1,451.19 3.42 Mineral&Ind. Chadormalu 7 Mining (Chadormalu) 1,403.24 3.31 Gol-E-Gohar Iron Ore 8 Mining Co.(Gol-E-Gohar) 1,215.30 2.86 Fars & khuzestan Cement Cement 9 Co. (simane Fars va Producer Khozestan) 1,121.64 2.64 Arak Petrochemical Chemicals & 10 Co.(Petroshimie Arak) By-products 1,015.01 2.39 Value of Trades : Turnover Value. Name Type of Company (million $) Isfahan Mobarakeh 1 Steel Co. (Isfehan Basic metals folade mobarake) 403 Co. Cement Tehran Non-metallic Mineral 2 (Siman Tehran ) Products:cement 44 Ind.Co. Copper 3 National Iran(Sanaye Basic metals Mese Iran) 41 Karafarin Bank (Banke 4 Financial Intermediation karafarin) 18 Parsian Banke(Banke 5 Financial Intermediation Parsian) 14 6 Sipa Machinery & Equipment 13 Dev.Inv. Minerals & 7 Metals (towse maaden Basic metals va felezat) 8 Egtesade Novin 8 Banke(Banke Egtesade Financial Intermediation Novin) 8 Mineral&Ind. 9 Chadormalu Minings (Chadormalu) 7 Co. Petrochemical Arak 10 Chemicals & By-products (Petroshimi Arak ) 5 Volume of Trades: Turnover Name Type of Company Volume (million) Isfahan Mobarakeh Steel 1 Co. (Isfehan folade Basic metals mobarake) 3,880 Ind.Co. Copper National 2 Basic metals Iran(Sanaye Mese Iran) 85 Co. Cement Tehran Non-metallic Mineral 3 (Simane Tehran ) Products:cement 82 Parsian Banke(Banke Financial 4 Parsian) Intermediation 73 Karafarin Bank (Banke Financial 5 karafarin) Intermediation 41 6 Sipa Machinery & Equipment 41 Financial 7 Egtesade Novin Banke Intermediation 25 Dev.Inv. Minerals & 8 Metals (towse maaden va Basic metals felezat) 19 Bahman Financial 9 inv.Co.(Sarmayegozarie Intermediation Bahman) 15 Mineral&Ind. Chadormalu 10 Minings (Chadormalou) 10 Turnover Daily Average No. Shares Traded Turnover Turnover Turnover Velocity (million) (million $) (million $) Jan-07 911.940 412.37 20.62 1.00 Feb-07 1,408.94 535.97 28.20 1.38 Mar-07 3,502.38 1,002.39 62.64 2.42 Apr-07 4,560.83 649.44 32.47 1.52 Total 10,384.09 2600.17 143.93 6.32 Indices & P/E Analysis Index Change (%) Industrial Group December March 31, December April 31, 2007 March 31, 2007 31, 2006 2007 31, 2006 P/E* 1 Tanning & Dressing of Leathers 100.59 78.17 78.18 28.68 28.66 7.83 2 Medical, Precision & Optical Instruments 77 73.95 97.28 4.12 (20.85) 9.03 3 Other Non-metallic Mineral Products 164.91 159.3 161.33 3.52 2.22 5.91 4 Basic Metals 4,031.03 3,910.67 3,598.88 3.08 12.01 5.32 5 Chemicals & By-products: Pharmaceuticals 509.5 495.8 506.72 2.76 0.55 7.00 6 Other Financial Intermediation 301.79 293.86 290.36 2.70 3.94 3.71 7 Other Business Activities 78.58 76.62 79.46 2.56 (1.11) 4.62 8 Ceramic & Tile 217.95 213.24 258.64 2.21 (15.73) 6.34 9 Other Mining & Quarrying 1,573.30 1,555.67 1,563.32 1.13 0.64 11.99 10 Non-sugar Products 284.56 283.39 285.44 0.41 (0.31) 7.04 11 Paper & By-products 1,827.83 1,823.34 1,776.33 0.25 2.90 4.57 12 Motor Vehicles, Trailers 3,982.90 3,974.16 3,585.03 0.22 11.10 2.90 13 Fabricated Metal Products 2,138.43 2,137.43 2,153.55 0.05 (0.70) 10.26 14 Agriculture 222.5 222.5 222.50 0.00 0.00 6.37 15 Textiles 138.16 138.16 131.32 0.00 5.21 6.33 16 Wood & By-products 4,113.97 4,113.97 4,197.52 0.00 (1.99) 5.57 17 Other Transport Equipment 1,017.25 1,017.25 1,017.26 0.00 0.00 12.40 18 Furniture 175.33 175.33 175.33 0.00 0.00 5.06 19 Construction 976.57 976.57 1,559.89 0.00 (37.39) 3.54 20 Radio, TV & Communication Equipment 722.27 723.44 723.70 (0.16) (0.20) 3.50 21 Investment Companies 266.07 266.55 280.14 (0.18) (5.02) 4.92 22 Refined Petroleum Products & Nuclear Fuel 30,267.21 30,362.25 29,891.54 (0.31) 1.26 6.71 23 Sugar & By-products 599.29 603.07 652.84 (0.63) (8.20) 4.91 24 Publishing, Printing & Reproduction Media 13,842.82 13,945.59 15,556.89 (0.74) (11.02) 6.11 25 Mining of Coal & Lignite 192.01 193.57 227.07 (0.81) (15.44) 5.80 26 Banks, Credit & Other Financial Institutions 88.09 88.97 61.89 (0.99) 42.33 5.69 27 Cement, Lime & Gypsum 213.47 215.78 220.43 (1.07) (3.16) 7.86 28 Real Estate Activities 301.11 304.6 301.56 (1.15) (0.15) 8.08 29 Electric Machinery & Apparatus 29,543.41 29,964.42 31,809.71 (1.41) (7.12) 5.17 30 Land Transport 127.38 129.66 151.78 (1.76) (16.08) 3.50 31 Rubber & Plastic Products 2,584.92 2,631.32 2,663.43 (1.76) (2.95) 6.54 32 Computer & Related Activities 240.73 249.07 264.41 (3.35) (8.96) 5.37 33 Chemicals & By-products: Chemicals 561.74 584.65 677.12 (3.92) (17.04) 5.79 34 Machinery & Equipment 2,356.54 2,452.78 2,535.88 (3.92) (7.07) 4.53 35 Mining of Metal Ores 1,825.37 1,904.78 2,139.84 (4.17) (14.70) 10.78 36 Diversified Holding Companies 786.69 838.74 961.20 (6.21) (18.16) 5.18 * P/E for the month of April was 5.31.
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