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Tehran: Markets Flat Amid Volatile Trade

Tehran: Markets Flat Amid Volatile Trade   Tehran: Markets Flat Amid Volatile Trade

Financial markets in Tehran on Tuesday had an uneventful session after a highly volatile day a session earlier.  
Major share indices, forex and gold prices were near the flat-line for the day. Gold and dollar prices, which were pushing with unprecedented force in the past several weeks, came to a halt. The share market has been struggling for weeks to reenter the green zone after deep losses. 
The US dollar in Tehran’s open market was traded at 316,000 rials the same as Monday. The euro and pound sterling posted slight decline of 0.6% and 0.4%, respectively. 
Selected exchange bureaus, affiliated to the Central Bank of Iran, pushed up forex rates to get closer to open market rates and reduce price differences.   
Bank-based moneychangers quoted the dollar at 313,000 rials, up more than 3% or 11,000 rials compared with Monday, the  Tehran Gold and Jewelry Union website reported.

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