Forecast of the stock market on Saturday, June 27, 1402 / The effect of the diplomatic agreement on the stock market – Tejaratnews

According to Tejarat News, the Tehran Stock Exchange experienced a 15.81% drop in only 23 trading days from May 17, leaving behind its strong upward rally since the beginning of 1402; However, in the last two days of last week, Tehran Stock Exchange finally offered the green plan to the shareholders.

Based on this, the total index increased by 26,909 units, which is equivalent to 1.25% of the height of this indicator, and stood at a height of 2,182,000 units. On the other hand, the equal weighted index recorded a better performance than the average performance of the major market symbols. The result of the trading flow of the stock market on Wednesday was an increase of 1.5% and the placement of this indicator in the range of 741 thousand units.

Tehran Stock Exchange under the microscope of statistics and figures

Investigating the ownership statistics of real people indicates that real people’s capital entered the stock market on the last trading day of the week. The index of capital inflows and outflows at the end of the stock market trading on Wednesday reported that 191 billion tomans of money had entered the stock market. Market operators know very well that in order to start the market movement and get the green light for it, much more money is needed.

On the other hand, the board of Tehran Stock Exchange shows the volume of transactions on Wednesday at 11.520 billion and the value of transactions at 6.941 billion tomans. The significant drop in the value of transactions compared to the days before the fall, shows that the stock market has not yet given the green light to investors and even short-term traders to return to the upward trend.

It is worth mentioning that fixed income funds and the investment industry accounted for the largest amount of money inflow with 390 billion and 73 billion tomans, respectively. On the other hand, the automobile and subsidy groups accounted for the largest amount of money outflow with 58.2 billion and 32.6 billion tomans, respectively.

Even though the number of money inflows is higher than in the middle of the recording week and also the money outflow from industries has decreased during Wednesday’s trading, but money inflows into fixed income funds always means risk aversion by the people of the market. Based on this, it can be concluded that the market sentiment is more towards maintaining the current position and there is still a little fear of the continuation of the correction process among the shareholders.

Tehran Stock Exchange and diplomatic agreement; good or bad?

After a few weeks have passed since the Sultan of Oman’s visit to Tehran, we have seen the softening of the positions of the parties. While the weight of the news of the country’s foreign relations is heavy on the bottom of the temporary agreement, there are different opinions about the positive or negative impact of this event on the stock market. Some believe that the liberalization of the country’s foreign exchange resources will cause the dollar to fall further. . According to them, this event is considered negative news for the dollar as the main driver of the stock market and will cause the dollar to fall further.

This view is only one side of the story. With the agreement between the heads of the countries, the reduction of restrictions will have a significant impact on increasing sales and, as a result, the profitability of companies. In previous reports, we examined the impact of sanctions reduction on the group of banks and credit institutions. This issue can be extended to most of the capital market industries and as a result, the registration of the diplomatic agreement can be a positive news for the stock market.

Saturday stock market forecast

Tehran Stock Exchange has not yet shown signs of returning to the strong upward trend before the middle of May. However, experts believe that the Tehran Stock Exchange will take a more balanced course in the coming week. Currently, there is a relative calm in the parallel markets, especially Ferdowsi square transactions, and if we see the charging of the transaction value, we can expect the market to grow until the end of the week.

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