An important event for refineries / How likely is the first refinement fund to grow?

According to Tejarat News, today the stock market faced a growth of 32,000 units of the total index and the index was in the range of 1,470,000 units.

The total homogeneous index today with a growth of about three thousand units was in the channel of 423 thousand units. The value of stock exchange transactions today in the first half of trading was in the range of three thousand billion tomans.

The stock market as a whole was growing today, and the major symbols experienced price growth. Experts praised the current week’s capital market trends, citing the refining feed rate as one of the main reasons for market movements. But does this have an impact on the stocks and profitability of refining companies?

Majid Shashmani, a stock market expert, said about the effect of refining companies’ feed rates on their stocks: “Contrary to popular belief that with the increase in world oil prices, the refining companies’ financial statements change, but the government sets the refining companies’ feed rates and this pricing is based on FOB Gulf.” Is Persian. Therefore, by increasing the feed rate of refineries, the government will benefit from this issue and the profitability of these companies will increase.

He added: “Of course, the only concern about the increase in companies’ rates is to include these prices in reserves that are not so clear and do not show themselves properly.”

“Given the rising global oil prices, refining and petrochemical companies are expected to publish good reports,” he said.

“The discount that is given to refining companies, in addition to having a significant impact on the company’s profitability, also affects the change and growth of the company’s stock price,” said the market expert.

Regarding the increase in the price of the First Refinery, Shishmani said: “The shareholders of the First Refinery are from different spectrums due to the increase in the rates of refining companies, so the good report of the refining companies has an important impact on the price growth of this fund.” Also, due to rising global urea and methanol prices, we expect to see a 20% increase in the shares of refining companies.

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