EghtesadOnline: Cheered by the seasonal performance report of listed companies, stocks in Tehran’s market continued to extend earlier gains on Monday, amid the weak performance of world stocks.
EghtesadOnline: Following a brief correction phase on Saturday, Tehran Stock Exchange clawed back into positive territory on Sunday as the massive selloff pressure abated and investors’ sentiment was boosted by positive financial reports of listed companies.
EghtesadOnline: After leaving behind a relatively tepid week, stocks in Tehran’s market began trading week in negative territory, amid selloff pressures over a wide range of equities.
EghtesadOnline: The foreign exchange rate in Integrated Forex Deals System (Persian acronym for Nima) has been hiked in recent months to come closer to the rates quoted on the Sana website that reports the average exchange rates from the exchange bureaus, according to a report by the Department of Economic Reviews of Tehran Chamber of Commerce, Industries, Mines and Agriculture.
EghtesadOnline: Following rallies for four consecutive sessions last week, the stock market turned bearish on Monday as selloff pressure ramped up in the absence of substantial buying.
EghtesadOnline: The foreign exchange rate in Tehran has been on a declining trajectory since the beginning of the Iranian week on Saturday, amid a noticeable decrease in demand for foreign currency.
EghtesadOnline: The latest data on deposits with banks and credit institutions indicate that total deposits stood at 20,673 trillion rials ($159 billion) by the end of the previous fiscal year’s last month (March 20, 2019).
EghtesadOnline: A report by Tehran Chamber of Commerce, Industries, Mines and Agriculture shows that the value of equities traded in the stock market during the first two months of the current fiscal year (March 21-May 21) registered a whopping 566.5% growth compared with the same period of last year.
EghtesadOnline: More than 7.2 million checks worth about 991 trillion rials ($7.65 billion) were drawn in Iran during the second month of the current fiscal year (started May 21), the Central Bank of Iran’s latest report announced.
EghtesadOnline: Stocks in Tehran climbed more than 1% on Tuesday adding another 2,000 points to its two-day gains.