Saturday Stock Market Forecast / Market Hope Eye to Refining and Automotive Group

According to Tejarat News, the stock market reached 1,521,000 units on Wednesday of the last week and 1,529,000 units on Monday, the last working day of the week. The overall stock index rose 0.5 percent this week.

The total homogeneous index reached 422,477 units last week with a growth of 2.59%. The total OTC index also increased by 0.01 percent to 20,919 units.

Can we be optimistic about the future of the stock market?

“The capital market has not had much ups and downs in the past week,” a capital market expert told TradeNews. Most large market stocks these days have a neutral trend. They seem to have entered a time correction and growth has continued from March last year until recently. Also, in the current situation, a short break for stocks can be normal.

Amir Topchipour continues: Of course, small stocks have been in a good position in recent days and the homogeneous index has experienced better conditions than the overall index. The market balance, after acceptable growth in the last one or two months, promises shareholders that the stock market will be rational and there will be no more heavy and irrational buying and selling queues.

“It seems that after days of suffering in index stocks and the growth of medium and small symbols, the market is once again preparing for the growth of index stocks,” he said. In the meantime, the refining group with the purchase queue of Shepna and Shabriz and the automotive group with increasing demand in the symbol of Khasapa will have a special role in moving the overall index towards higher goals.

Topchipour adds: we can be optimistic about the future of the stock market. Experience shows that the capital market always makes good profits for shareholders in the medium and long term. In addition, the stock market usually has a better track record than parallel markets.