Forecast for next week / Will the stock market balance?

According to Tejarat News, the Tehran Stock Exchange started its upward trend on Wednesday last week and finally entered the 1.3 million channel yesterday.

Today, the market trend was slightly volatile, but experts predict that the stock market will be bullish next week.

On Wednesday, the total index of the stock exchange after 31 units was at the height of one million and 301 thousand units. The overall homogeneity index also decreased by 0.08%.

The realities took about 460 billion tomans of liquidity out of the market today. The symbols of “Khodro”, “Khosapa”, “Shatran”, “Webmelt”, “Vatjarat”, “Famli” and “Shebander” in the group of stock exchange transactions and the symbols of “Tajli”, “OTC”, “Tousan”, “Kerman”, “Aria”, “Management” and “Fajhan” were in the group of OTC transactions.

The largest inflows of legal money into the stock market and OTC were in the three groups of “basic metals”, “petroleum products” and “chemical products”, while the results of the transactions of “metal ores” and “metal products” ended in favor of the real ones.

The total value of stock exchange and OTC transactions reached a total of three thousand and 25 billion tomans.

Will the stock market rise?

“Next week, and especially on Saturday, the market will be trading at equilibrium points,” Ahmad Eshtiaghi, a financial markets expert, told TradeNews.

He emphasizes: Next week’s transactions will proceed in such a way that the index of 1.3 million units is maintained.

The financial market expert continues: “Given the support that legal entities have for large stocks such as Famli, Foolad and Fars, and market conditions, we can not expect the index channel to decline and change.”

“The market will be balanced until Monday next week, after which it will take an upward trend,” explains Eshtiaghi.

“Next week, the market is moving forward based on today’s trading, so we should not expect much growth,” he said.

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