Tehran Stocks Rebound

Following a brief correction phase on Saturday, Tehran Stock Exchange clawed back into positive territory on Sunday as the massive selloff pressure abated and investors’ sentiment was boosted by positive financial reports of listed companies.

Financial Tribune- Following a brief correction phase on Saturday, Tehran Stock Exchange clawed back into positive territory on Sunday as the massive selloff pressure abated and investors’ sentiment was boosted by positive financial reports of listed companies.
With the release of performance reports for some refinery companies, demand for stocks of this group increased on Sunday.
According to Donyaye Bourse website, the release of performance report of Tehran Oil Refinery Company for the past fiscal year (March 2018-19) was the main driving force behind the rally.

Jul 8, 2019