EghtesadOnline: Stocks in Tehran took another drubbing on Sunday as the market correction drags on and widespread selloff keeps hitting a wide range of shares.
EghtesadOnline: Tehran stocks briefly touched the psychological level of 330,000 in early trading on Saturday, led by bank, pharmaceutical and auto shares, before reversing the course at the end of trading session.
EghtesadOnline: In line with efforts to help promote corporate governance and protect the rights of bank depositors and shareholders, the Central Bank of Iran has announced restrictions on ownership of banks’ shares.
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: The main gauge of Tehran Stock Exchange shed more than 3,800 points on Tuesday amid investors’ rush to sell shares to save profits.
EghtesadOnline: More than 8.7 billion government-owned shares in Tehran Oil Refinery Company and Isfahan Oil Refinery Company worth 88 trillion rials ($733 million) will be offered in the capital market in the coming week.
EghtesadOnline: About 300,000 shareholders of merged banks affiliated to the armed forces have sold their shares since the merger process started in April, says the chief of Securities and Exchange Organization.
EghtesadOnline: Tehran Stock Exchange's main gauge fell sharply on Monday as a selloff in auto and bank shares spread across the board. The decline caused a broad rout in refinery and petrochemical stocks.
EghtesadOnline: Refinery and chemical shares led a broad market rally Saturday, lifting TEDPIX and IFX to their second consecutive day of gains. Stocks began the day in positive territory and steadily climbed higher as investor sentiment was boosted after gains in global oil prices over the weekend.
EghtesadOnline: Tehran stocks retreated for the third consecutive day on Monday as base metal and steel shares came under further pressure and the rial strengthened.