3 important events for the stock market next week / Will the market remain bullish?
The new governor of the central bank was elected today, while capital market experts are optimistic about the election of a stock exchange governor for the central bank, according to Tejarat News. But this is not the only event that will affect the capital market next week.
Also this week, a new refinery feed rate was announced, which had an impact on other stock market symbols, and in addition to the uniform green of the refining group, most of the index groups also recorded a positive trend.
Iman Raisi, a capital market expert, told Tejarat News in a forecast of the stock market: “The market spent the second week of October, while hopes have been revived with important news for the refineries.” On the one hand, the price calculation directive, which is fundamentally different from the past, is calculated on the basis of export prices, and on the other hand, the global increase in point prices has been a good stimulus to strengthen the upward movement of this group. The reports of these companies will be sent to the market in the next few days and positive reports from the industry are expected.
Another piece of news that is likely to hit the market next week is the release of six-month corporate reports. Starting this week, companies are expected to publish their reports on the Cadal website. The potentially positive performance of companies will cause the index trend to remain positive.
The effect of electing a new central bank governor on the stock market
But perhaps the most important news that will affect the stock market next week is the appointment of Ali Salehabadi as the new governor of the Central Bank.
“This appointment has a positive signal for the capital market as a whole,” said Baqer Khademi, a stock market expert. In my opinion, considering his managerial background in the stock exchange organization, from now on, it will be considered in the decisions of the central bank of the stock exchange. “For example, last year, Mr. Hemmati raised the interbank interest rate at a time when the market was falling, and this caused the market to fall further, which means that Mr. Hemmati did not understand the capital market.”
Mehdi Rezayati, a capital market expert and analyst, also commented on the election of the new governor of the Central Bank: It becomes more money. Interest rates and exchange rates have a great impact on the stock market trend, and if these two are taken into account, it will help the capital market a lot. Activists expect patchwork policies to benefit the capital market, and this could be a positive signal for the market. However, budget constraints must be taken into account, and in my opinion, Salehabadi is not very open due to the economic situation. “Of course, this appointment is psychologically good for the market and increases confidence in investment.”
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