The Iranian government will soon divest parts of its shares in the Persian Gulf Star Oil Company (PGSCO) which runs the world’s largest refinery working on natural gas condensate.
Iran’s stock market has attracted 350 trillion rials (about $8.33 billion) of liquidity since the beginning of current Iranian calendar year (March 20), the managing director of Tehran Stock Exchange (TSE), which is Iran’s major stock market.
The Iranian government is to list its shares in three banks and two insurance companies to raise over $1 billion in new finances as more public firms launch initial public offering (IPO) in a stock market where trade is booming like never before.
While many ticker symbols of listed companies were under sell-off pressure, the main index of Tehran Stock Exchange closed in positive territory on Tuesday.
Tehran Stock Exchange and Shanghai Stock Exchange signed document on bilateral cooperation.
Tehran Stock Exchange was elected board member of the Federation of Euro-Asian Stock Exchanges for a two-year period at 28th General Assembly FEAS in Muscat, Oman.
Main index of the Tehran Stock Exchange (TSE) surged by 19.2 percent over the first nine months of the current Iranian calendar year (started March 20) compared to the same period of last year.
Tehran Stock Exchange’s main index TEDPIX gained 6,816 points or 7.5% during the ninth month of the current fiscal year, Azar (Nov. 22-Dec. 21) to end at 95,508.6.
The fact that Tehran Stock Exchange (TSE) has started this week with a new record shows that it has been placed on the right track and hopes are it will continue to do successfully in the future as well, a monetary market expert believes.
The Tehran Stock Exchange (TSE), Iran's largest equity market, has gone through volatility of overall index in the last couple of days, whose root causes, according to the expert, are hidden in the country's somewhat malformed macro-economy.
