EghtesadOnline: Tehran's main stock market closed higher on Saturday buoyed by rising oil prices and renewed appeal toward auto and bank shares.
EghtesadOnline: Nervous investors on Sunday dumped bank stocks after their early optimism about the prospects of banks faded. Bank shares had become a new favorite of investors after the rial gains curbed the love for the shares of export companies.
EghtesadOnline: Growing expectations that U.S. interest rates will rise before the end of the year lifted the dollar and bank shares on Thursday but took the shine off gold, one of the year's best- performing assets.
EghtesadOnline: A rare run of outperformance by U.S. bank shares appears to have hit a wall as a spate of soft readings on the economy have tempered bets that the Federal Reserve might raise rates soon.