Different financial markets in Iran improved on Sunday after they witnessed a slight fall on the opening day of the Iranian week on Saturday.
The Saturday fall in the Iranian markets was largely driven by regional tensions, especially the Zionist airstrikes against Lebanon which led to the martyrdom of Hezbollah Leader Hassan Nasrallah in southern suburbs of Beirut on Friday.
The Iranian markets however were not majorly affected by these developments and soon began to recover.
606,000 Iranian rials were traded for one US dollar in the Iranian market on Sunday gaining from Saturday rates when one US dollar was traded for 614,000 rials.
Apart from the impact of the rise in the global market, the recent gains of the US dollar against the Iranian currency had also contributed to an increase in gold prices in Iran. Nevertheless, the gold prices retreated by more than 1.2% on Sunday as the dollar rate eased.
The situation in the stock market was however different, as the regional tensions led to a fall in this market after it had witnessed a nearly two-week gain. Analysts believe that as long as the authorities have not managed to prepare the conditions for attracting liquidity in the stock market, the shareholders will consider any market gain as a chance for selling their shares and exiting the market.
