Foreign exchange rates made significant gains on Monday despite efforts by the Central Bank of Iran to meet demand through the secondary market.
Business And Markets
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Banks and credit institutions paid 5,060.8 trillion rials ($18 billion) in loans to businesses in the first five months of the current fiscal year (March 20-August 21). Compared to lending in…
Tehran’s bourse was again counting its losses on Sunday as a bruising sell-off swept through a majority of small and large cap shares. The main index of Tehran Stock Exchange, TEDPIX,…
Forex rates in Tehran were rather stable on Sunday compared to the past several weeks as traders exercised extra caution due to the Central Bank of Iran’s presence in the market. …
The government’s move to sell shares in four major refineries via an exchange-traded fund was received coldly by investors as barely 20% of the assets were bought in the subscription phase.…
The Ministry of Economy on Sunday offered to settle payment to holders of Islamic bonds by delivering crude oil. In a notice published on its news portal, Shada.ir, the ministry said the…
The Central Bank of Iran said on its website Saturday it has increased banks' reserve requirement ratio to 10-13%, after it was cut in March, to support businesses impacted by Covid-19.…
Building on the past week gains, the US dollar temporarily moved above 290,000 rials at the start of the trading week in Tehran on Saturday but failed to advance further after intervention by…
Tehran stocks began trading week on Saturday on a strong note but pared gains later as sell-off pressure mounted on a broad range of shares.
The benchmark of Tehran Stock Exchange,…
Tehran Stock Exchange on Saturday banned day trading until further notice, a move seen to encourage investors to adopt “a buy and hold” approach. In a notice published by the Securities…
The central bank will resist attempts to pay the rial equivalent of loans taken from the National Development Fund of Iran in bid to avoid overburdening the bank’s balance sheet by printing…
Weekly bond auction data indicates a steep decline in investor interest in Islamic bonds issued by the government. The government on Tuesday sold bonds worth 7.1 trillion rials ($26…
The Central Bank of Iran said Thursday that it had sent to the judiciary a third list of companies who defaulted and failed to meet their obligations to repatriate earnings from sales. In…
After touching 280,000 rials on Wednesday, the US dollar again extended gains against the rial on Thursday. It sold for 286,500 rials in Tehran’s open market, rising 6,000 rials, or 2%, compared…
After four straight sessions of bear market, Tehran stocks closed in positive territory on Wednesday.
An estimated 3.152 million tons of goods worth 303 trillion rials ($1.12 billion) were traded at the Iran Mercantile Exchange in the sixth month of the Iranian fiscal year (August 21-Sep 21),…
The national currency plunged to new lows on Wednesday as the dollar advanced to new record high. The greenback broke past the critical 280,000-rial level for the day in Iran’s open market and…
Caretaker of the Industries Ministry says the government will soon put an end to the practice of companies’ renting commercial cards for export. “Owners of such [rented] cards are not…
Tehran Stock Exchange’s primary index, TEDPIX, slipped 13,954.47 points, or 0.87%, to close Tuesday trade at 1,581,206.28. Losses sustained by auto companies, refineries and energy firms were…
The Central Insurance company of Iran, the regulatory body of the market, has warned agents against receiving insurance premium stressing that premiums must be paid directly to the insurance…
Stock yields were higher than other markets in the first half of the Iranian fiscal year (March-Sep. 2020). TEDPIX, Tehran Stock Exchange's main index shot up 211% during the period.
The main index of Tehran Stock Exchange, TEDPIX, fell below the supportive level of 1.6 million points losing more than 57,000 points on Monday, extending a losing streak into the third day.…
After rising a session earlier, the US dollar lost momentum on Monday and stayed unchanged apparently after political tensions impacting investor sentiments eased. The greenback was worth…
Three thermal power plants are to sell their electricity to authorized cryptocurrency miners in Iran, the managing director of Thermal Power Plant Holding Company, affiliated to Energy Ministry…
The Trade Promotion Organization of Iran will suspend commercial ID cards of 350 exporters who repatriated less than 70% of their earnings, the TPO head said. Last month, the TPO gave…
