Stock market forecast for the second week of February / Will the market boom?

According to Tejarat News, the stock market has been growing since last week. This growth started after the speeches of the President and five approvals of the Minister of Economy and continued fluctuating until yesterday.

Based on data Stock Exchange and Securities OrganizationThe total stock index increased by 5.43% from the range of 1,276 units to 1,301 units.

The stock market has gone through a positive volatility trend since Saturday, meaning that one day was a positive index and the next day was balanced. But on Wednesday, the index fell to the range of 1,271 units, finally standing in the range of 1,301 units.

Stock trading depends on Saturday

“Everything depends on Saturday’s trading, but the market is generally balanced,” Payam Elias Kurdi, a financial markets expert, told Tejarat News about next week’s forecast.

He explains: “Supports were made on the board this week, and this support can be seen in metal and mineral stocks.”

“On Mondays and Tuesdays this week, the value of trades increased dramatically,” said the financial markets expert. But on Wednesday, the market was slightly negative and the value of trades fell.

Eliaskordi emphasizes: The capital market is waiting for agreements. Positive news from the talks is expected next week.

“The deal could also affect the dollar,” he said.

“One should not expect an integrated green market,” he said. The index may be positive but some stocks are negative.

Read the latest stock market news on the Trade News page.