EghtesadOnline: The insurance industry's profit amounted to 45 trillion rials ($346 million) in the current fiscal year (started March 2019), president of the Central Insurance company of Iran said, adding that agents and brokers had a big share of the gains.
EghtesadOnline: The main gauge of Tehran Stock Exchange gained more than 4,000 points on Sunday to claw back to the seven-week high of 318,000 points for the day, marking the biggest rally since the beginning of last calendar month (Oct. 23).
EghtesadOnline: Price of the US dollar rose 2.45%, or 2,950 rials, on Tuesday to reach 123,480 rials in the Tehran market.
EghtesadOnline: The need for protecting retail shareholders in the stock market has resurfaced following successive drops in the market in recent days.
EghtesadOnline: Tehran’s stock market was sluggish on Tuesday after making a historic advance a day earlier as investors moved to sell shares to save past gains.
EghtesadOnline: Tehran stocks made a solid 3.1% gain on Monday cheered by the dramatic rise in demand for refinery, petrochemical and metal stocks.
EghtesadOnline: Currency rates in Tehran briefly hit six-month lows since January 9 as the US dollar was traded for 111,000 rials during the mid-day trade in the open forex market on Wednesday.
EghtesadOnline: After consecutive rallies last week, TSE continued to soar Saturday and added another 4,480 points to its benchmark to wrap up trading at 224,589 points.
EghtesadOnline: Stocks continued their unabated surge on Tuesday, making the benchmark index TEDPIX 2.6% shy of its own historic high. The surge comes as foreign exchange rates remain bullish and a stampede of retail investors has made demand for all kinds of stocks particularly high.
EghtesadOnline: Tehran stocks closed lower in trading Saturday to start the week in the red. At the Tehran Stock Exchange both TSE's main index TEDPIX and IFX lost heavily. The TEDPIX and IFX fell sharply and thereby turned negative for the autumn. Stocks dropped almost across the board with only textile and telecoms staying in the black.