Market Returns Last Week of December / Which Market Was Most Profitable?
According to Tejarat News, the stock index in the last week of December 1400 had a positive trend. Unlike the previous weeks, the stock market registered a positive trend with signals of the relative end of negotiations and more calm in the dollar market.
The overall stock index rose about 5 percent last week.
Will the stock market break out of the negative cycle?
“The stock market has gone through three difficult weeks,” said Payam Eliaskordi, a stock market expert. The total index fell from 1,450,000 to 1,290,000 and the shares were locked in the sell queue.
He added: “According to the technical analysis, the total index is facing resistance in the range of 1.4 million units, and the stock market may have repetitive behavior.”
The expert said: the value of transactions in the last two days of the week was a little promising and probably next week the total index will reach about one million and 450 thousand units. If the value of transactions increases, positive news is transmitted and the reals are buyers and the reals do not offer, we will probably get out of the negative loop.
Dollar
The dollar price ended the third week of December with a rate of 27,410 tomans in the Senate system, but on January 2, the exchange rate reached 27,402 tomans. The dollar price has been stable over the past week, fluctuating below one percent.
Gold and coins
Gold prices have risen about 1.5 percent in the past week. The price of gold reached one million and 301 thousand tomans on the second Thursday of January.
The price of coins in the market in the last week of December had a positive return of about 1.8%. At the end of the third week of Azar, the coin was priced at about 13 million and 198 thousand Tomans and on the second Thursday of December, it was priced at around 13 million and 222 thousand Tomans.
Did gold and coins become more expensive?
The price of an ounce of gold, which entered the $ 1,800 channel yesterday, remained in the same channel in the world market today and was traded at $ 1,807. In the domestic market of Iran today, along with the growth of the price of an ounce of gold, the price of coins and the price of 18-carat gold were on the rise.
The price of 18-carat gold today was able to rise by 2,400 tomans and be set at 1,301,900 tomans. The price of the coin increased by 20,000 Tomans and was traded at 13,240,000 Tomans.
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