EghtesadOnline: Most commodity stocks in Tehran went into a tailspin on Tuesday as a government decision to intervene and control steel prices made the market jittery.
EghtesadOnline: Chevron Corporation reported on Friday a net loss of $8.3 billion for the second quarter on the back of impairment charges due to lower commodity price outlook and write-off its Venezuela operations due to the US sanctions.
EghtesadOnline: Tehran stocks made one of the biggest advances on Tuesday, rising almost 50,000 points as demand for most commodity shares remained high and increase in currency rates boosted inflation expectations.
EghtesadOnline: Raisins are Iran’s third top non-oil export item after carpets and pistachios, the head of East Azarbaijan Agricultural Jihad Organization said.
EghtesadOnline: After four consecutive rallies, Tehran stocks fell on Tuesday amid a widespread sell-off in a number of large-cap commodity companies.
EghtesadOnline: Unlike the shaky global markets, Tehran stocks opened trading week in positive territory as investors sold metal and commodity equities to buy shares of less export-oriented firms, perturbed by widespread price fall in global metal markets.
EghtesadOnline: Tehran stocks budged forward on Wednesday with gains in auto stocks offsetting doubts over commodity and petrochemical stocks.