Record-breaking in the stock market / the index was at the bottom of 1401 – Tejaratnews

According to Tejarat News, after a three-day break today, while breaking records and registering the lowest level of the total index this year, the stock market opened the trading of the last week of September.

The total index of Tehran Stock Exchange ended its work today on 27 September 1401 with a drop of more than 11 thousand points. The drop of 11 thousand 183 units of the index made it stabilize in the range of 1 million 377 thousand units. The equal weight index also returned to the channel of 401 thousand units with a drop of nearly three thousand units.

Foulad, Shapna, Femli, Shasta, Fars, Shabandar and… stocks also registered the most negative impact on the index. The symbols of Shasta, Khasapa, Khodro, Shepna, Khagstar, etc. were also the most densely traded stocks on Sunday in the Tehran Stock Exchange.

How long will record breaking in the stock market last?

The Tehran Stock Exchange entered a new phase during the past week and today, which can be referred to as the period of recording the weakest records of the year. The total index is at its lowest level since the beginning of 1401. Experts also believe that the current trend of the stock market will continue due to the risks surrounding the market.

Of course, due to the suspension of the JCPOA negotiations and the clarification of the dollar price in the open market, many hoped that the stock market would also witness positive developments. But it seems that the reaction of the market to the recent events was not only positive, but apparently the stock exchange welcomes any opening in the field of lifting the embargo. This is while many stock market speculators emphasized that the stock market will not welcome the revival of the JCPOA.

However, there are other reasons for the current trend of the stock market, the most important of which is the performance of the government. A performance that has disappointed many stock market activists. Activists who during the presidential election of 1400 were devoted to Ebrahim Raisi’s slogans about creating prosperity in the capital market. But considering the record breaking in the Tehran Stock Exchange, it seems that we cannot expect any special change in the short term.