EghtesadOnline: Iran equity markets witnessed a stellar rally on Sunday and extended their winning streak for the eighth consecutive session. The main gauge on Tehran Stock Exchange TEDPIX soared 1,397.79 points or 0.82% to close at 172,522.7.
EghtesadOnline: Iranian stocks rallied as global markets reopened on Monday, prompting the benchmark index on Tehran Stock Exchange to top 167,000 for the first time since the outset of winter. TEDPIX soared 2,900.92 points or 1.76% and finished off at 167,371.3.
EghtesadOnline: After largely negative or humdrum days in the past two weeks, Iranian stocks found a new lease on life as the main gauge at Tehran Stock Exchange surged close to 1% and investors hoped for brighter prospects for shares.
EghtesadOnline: Stocks sold off on Tuesday for a second session as investors digested the negative effects of the drop in foreign exchange rates. This comes as some analysts warn that the herd behavior of investors in response to forex fluctuations is not backed by fundamental reasons due to the multiple exchange rate system.
EghtesadOnline: Tehran Stock Exchange turned bearish on Tuesday with the benchmark index TEDPIX losing 2,082.14 points or 1.25% after news about the resignation of Foreign Minister Javad Zarif rattled the markets.
EghtesadOnline: The benchmark TEDPIX average finished above 166,000 points as the three-day rally in stock prices showed no signs of letting up.
EghtesadOnline: Tehran Stock Exchange and Iran Fara Bourse clocked their biggest single-session point gains in more than a month on Saturday. TSE's main index, TEDPIX, rose 4,778.26 or 3.00%, as of market close, ending at 164,267.8 points. Iran Fara Bourse's main gauge IFX was up 42.37 points or 2.13%.
EghtesadOnline: Foreign exchange rates and gold began the week in a bullish mood as the two surged on Saturday in Tehran market.
EghtesadOnline: S tocks rebounded Tuesday, clawing back some of the week's steep losses, but the turbulent trading of the last few days has made it almost certain that the boom markets seen in summer and early autumn is a thing of the past.
EghtesadOnline: Equity indices extended decline in the third session on Monday, tracking weakness in commodity stocks and uncertainty regarding the future of export-based companies. Heavy selling was witnessed in at the petrochemical, banking and mineral counters.