EghtesadOnline: Tehran’s stock market picked up on Wednesday on relative optimism among investors as they approached the shares of export-oriented companies, mostly commodity stocks.
EghtesadOnline: Iran’s Export Concentration Index, which estimates a country’s reliance on a limited group of commodities as its primary source of foreign exchange income, stood at 0.43 in 2019, about six times higher than that of Turkey and Poland.
EghtesadOnline: The government’s move to sell shares in four major refineries via an exchange-traded fund was received coldly by investors as barely 20% of the assets were bought in the subscription phase.
EghtesadOnline: Tehran Stock Exchange on Saturday banned day trading until further notice, a move seen to encourage investors to adopt “a buy and hold” approach.
EghtesadOnline: Stock yields were higher than other markets in the first half of the Iranian fiscal year (March-Sep. 2020). TEDPIX, Tehran Stock Exchange's main index shot up 211% during the period.
EghtesadOnline: Goods worth 243.4 trillion rials ($960 million) were traded at Iran Mercantile Exchange during the month to Sept 13.
EghtesadOnline: The national currency declined to new lows in the face of a rising dollar on Monday but later recovered partially following intervention by exchange bureaus affiliated to the Central Bank of Iran.
EghtesadOnline: As the stock market continues to plunge, the High Council of Securities and Exchange said banks too can invest in the bourse.
EghtesadOnline: The market cap-weighted index of Tehran Stock Exchange, TEDPIX, gained 10,096 points on Saturday to close session 0.62% higher. The TSE benchmark ended trade at 1,642,037 points, a level seen by market analysts as a strong support level.
EghtesadOnline: The main index of Tehran Stock Exchange, TEDPIX, fell 2.51% on Tuesday, shedding 43,294 points and retreating to 1,684,741 points.