EghtesadOnline: The regulated foreign exchange market can and should help in stabilizing foreign exchange rates and in the process eliminate rent-seeking and corruption because trade will be conducted in an open and transparent environment.
EghtesadOnline: Stocks continued their unabated surge on Tuesday, making the benchmark index TEDPIX 2.6% shy of its own historic high. The surge comes as foreign exchange rates remain bullish and a stampede of retail investors has made demand for all kinds of stocks particularly high.
EghtesadOnline: Stock markets in Iran are on fire. Free flowing liquidity from parallel markets, rise in global commodity and metal prices, bullish foreign exchange rates, good yearend reports for listed companies and a stampede of new retail investors eager to ride the upward momentum have catapulted the Tehran Stock Exchange more than 4% since the start of the current year (March 21).
EghtesadOnline: Iran's main stock index rose to its highest level in five months on Monday, led by the material sector, as investor sentiment was lifted by robustness of the global economy and high foreign exchange rates in Iran.
EghtesadOnline: Foreign exchange rates dropped below the psychological level of 130,000 rials on Monday as markets prepared for relative stability before the fiscal year is out on March 20.
EghtesadOnline: Foreign exchange rates declined on Thursday, after a week of flurry brought the US dollar close to the psychological level of 140,000 rials the previous day.
EghtesadOnline: Foreign exchange rates and gold began the week in a bullish mood as the two surged on Saturday in Tehran market.
EghtesadOnline: Foreign exchange rates surged in the Tehran market on Saturday, prompting the Central Bank of Iran to release a statement to reassure the public that it has a grip on the market.
EghtesadOnline: Foreign exchange rates gained on the Tehran currency market on Sunday for the first time after a period of stability with the dollar again crossing the resistance level of 140,000 rials. In late afternoon, the greenback traded at 144,000 rials. The euro changed hands for 166,000 rials, up from the previous day's 159,000 rials.
EghtesadOnline: Foreign exchange rates were again defiant and continued to climb on Tuesday with the US dollar surpassing the all-time high of 160,000 rials.