EghtesadOnline: Petrochemical companies in Iran produced 30 million tons in the last fiscal that ended in March, of which 22 million tons were sold in global markets, managing director of National Petrochemical Company said.
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: Traditionally influenced by domestic currency rates, Iran’s gold market has moved away and taken a different route since the past week amid soaring prices in global markets.
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: Tehran stocks closed unchanged, down a negligible 0.41% in a dull Tuesday session and a technical glitch also contributed to the lethargy. Uncertainty about global markets and lack of positive news domestically are the reasons for the unimpressive trading landscape.
EghtesadOnline: Another jittery and volatile day for Tehran stocks turned into a frenzy of selling on Saturday as investor sentiment was battered by bearish commodity prices and heavy losses for global markets during the past week.
EghtesadOnline: Chinese stocks fell almost 4 percent and alarm bells rang across global markets on Tuesday, as the trade dispute between the United States and China escalated further.
EghtesadOnline: Stocks rose on Monday after U.S. Treasury Secretary Steven Mnuchin declared the U.S.-China trade war “on hold” following their agreement to suspend the tariff threats that roiled global markets this year.
EghtesadOnline: Having entered a new era after the lifting of most sanctions in early 2016, Iran has aptly understood the importance of making endeavors for modernizing its financial and corporate sectors.
EghtesadOnline: The risk-off mood gripping global markets showed little sign of easing as European stocks followed declines in Asia. Taking impetus from a selloff in energy commodities, the slide also spread to U.S. equity futures as bonds and gold advanced with the yen and euro.