Stock market forecast for Tuesday, August 3, 1402/ Korsoi, traders hope for a change in the feed rate

According to Tejarat News, as predicted, the Tehran Stock Exchange was finally able to overcome its fear of market uncertainties during the mid-week trading and turn green after two days of decline. So that the main indicator of the glass hall increased by 1.09% at the end of trading and was on the verge of regaining the level of two million units.

On the other hand, the total equal weight index also went up and reached 709,000 units with an increase of 1.07%.

Stopping the withdrawal of capital from the Tehran Stock Exchange

Shareholders exchanged more than 6.3 billion shares in the market on Monday, and in this way, the value of small transactions reached 4,432 billion tomans at the end of the trading.

Investigating the ownership statistics of real people indicates the entry of real capital into the stock market. The index of capital inflow and outflow at the end of the stock market on Monday reported the inflow of 127 billion tomans into shares, preemptive rights and mutual funds.

Continuation of criticism of the decision to increase the feed rate

The breathing of the capital market can be related to the strengthening of the possibility of amending and revising the controversial decision to increase the feed rate. Because most of the petrochemical symbols went up after several days.

The spokesperson of the Economic Commission of the Parliament emphasized that the feed rate should be determined based on the formula and announced: “Based on Poura Brahimi’s letter to the Speaker of the Parliament, based on the annexation law of the Government Financial Regulation Organization, a formula has been designed for the feed gas rate of industries that Based on the weighted average of the export, import and domestic sales of the year and maintaining the competitiveness of the price of the manufactured products.

While criticizing the increase in the feed rate by the government, Taghiani said: “Other countries in the world set a 10-year rate for gas feed, but in Iran, a new rate for petrochemical feed will be determined again in July.”

On the other hand, good news related to the requirement of revaluation of companies was communicated today, which will greatly help the foundation of stock-exchange companies. Naturally, this issue will reduce the companies’ EPS in the short term. But in the long run, the up-to-date assessment of assets, depreciation cost and other profit-making items will make the companies real.

Stock forecast for Tuesday

Quarterly performance reports of listed companies ending June 1402 are still published in the Kodal system, and most industries faced a jump in company profits. On the other hand, the symbols whose trading has been stopped due to the publication of these financial statements are gradually reopened, and the increase in the value of transactions by resuming trading of these symbols can help the dynamics of the market.

It also seems that with the reduction of negative emotions caused by the shock of the past few weeks, industries that are not related to the approval of the increase in petrochemical feed rates and on the other hand, publish good performance reports, will help the market growth. Therefore, if nothing new happens in the market, it is expected that the stock market will continue its upward trend in the coming days.

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