Is the stock market bullish this week? It is not possible to compensate shareholders in the short term

According to Tejarat News, following the downward trend of the stock market, last week we also saw a 1.3 percent drop in the total index of the Tehran Stock Exchange. This was while in the weekends, the market had a positive trend.

Although on the last day of the week and the news of the increase in the price of cars produced by Iran Khodro and Saipa, there is a positive pulse to the market, but still some experts believe that the stock market needs more stability to return the index to the uptrend.

In this regard, Iman Raisi, a capital market expert, stated: “Since 1999 and the beginning of the stock market crash, we have witnessed growth and jump in prices in parallel markets, so that Pride has reached 110 million to 170 million, and in recent days we have seen the dollar rise. “We were also up to levels above 30,000 tomans, and of course housing, which continued to rise with its own slope.”

“But the heavy losses that the stock exchange has inflicted on shareholders can no longer be offset in any of these markets, and this is the only market left over from the growth of inflation and other markets,” the analyst said.

The market is valuable

“With a little research, we can minimize past losses. Over the past year, petrochemicals have made good profits, and now the automotive group is on the rise with the news around it,” Raisi said. “It will happen in other groups over time, but it will not mean reaching the prices of 99 in the short term.”

In the end, the expert expressed hope that given the commodity situation and the good situation of sales and production of companies, it seems that this week will be a positive market for shareholders.

Meanwhile, 40% of trade and news experts also predict that the overall index will have an upward trend this week.

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