EghtesadOnline: The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy rebounded in the second month of the current fiscal year (April 20-May 20), thanks to a jump in output as companies resumed production after the coronavirus lockdowns and the new Iranian year’s holidays, the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture reported.
EghtesadOnline: Tehran stocks rebounded from a short-lived correction and pared previous session’s losses at the close of trading week on Wednesday.
EghtesadOnline: Tehran stocks rebounded at the end of trading week on Wednesday after two sessions of price corrections sparked by bleak quarterly reports.
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: Investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said.