Stock market forecast on Saturday 20 June 1402 / Will the stock market return to the upward cycle? – Tejarat News

According to Tejarat News, stock market trading ended on the last day of the week, while the people of the capital market saw a slight decline in the index after the growth of the total index on Tuesday. Because the results of Wednesday’s stock market transactions caused the stock market’s main indicator to drop by about 1,000 units, equivalent to 0.05%, and return to the height of 2,288,000 units.

Even though the equal weight index did not decrease during the trading on Wednesday, but with a small growth of 0.03%, it did not register a big fluctuation on the board!

Tehran Stock Exchange under the magnifying glass of statistics and figures

The board of the Tehran Stock Exchange shows the volume of transactions on the last trading day of the week at 12 billion 100 million and the value of transactions at 7502 billion tomans.

In addition to the value of retail trades continuing to record low numbers, the stock market continues to see the outflow of real money. So that in the course of transactions, about 219 billion tomans more money was withdrawn from the stock market.

Blue Sky Banking Group

As the last third of June approaches, the speed of publishing quarterly and monthly reports of companies in the Kodal system increases. In the meantime, Shahr Bank, as the first bank, published its consolidated financial statements, which, according to experts, has recorded appropriate performance and exceeded expectations.

This bank, which made a loss of 897 Rials per share in the last financial statement, reached a profit of 5347 Rials per share. It is also worth mentioning that the initial offering of Bank Shahr with the symbol “Webshahr” will take place in the coming week.

On the other hand, after the events of the past weeks in Iran’s diplomatic atmosphere, speculations regarding the revival of the JCPOA agreement between Iran and the West have increased. From the exchange of prisoners between Iran and Belgium to the visit of the Sultan of Oman to Tehran, the signs indicate that the option of reviving the JCPOA and the agreement between the parties has once again been placed on the table of Western and domestic policy makers.

In the previous reports, it was specially examined how the revival of JCPOA and the country’s movement towards the agreement will cause positive developments in the banking industry. Based on this and the good reports of the banking group, the general sentiment of banks and financial institutions is expected to be positive in the coming trading days.

Saturday stock market forecast

The arrival of summer is good news for everyone except the government. For the government, summer means the receipt of 64 thousand billion tomans worth of government bonds. Maturity of bonds means that the holders should be paid the amount of their bonds.

Issuing bonds and borrowing from banks are two ways for the government to get through the tough summer. Because in general, it is unlikely to imagine a new source of income for the government in the short remaining period. Borrowing money from banks will ultimately lead to the growth of strong money due to the economic crisis of the country, which will lead to a higher level of inflation and then the growth of the exchange rate and will lead to an increase in expected inflation.

Meanwhile, the capital market is known as a destination for investors to preserve the value of money. Because normally the capital market will grow along with inflation like other asset markets.

Regarding the prediction of the stock market on Saturday and this week in general, it should be said that after the last week, which was a semi-holiday, the expectations are on the increase in the value of transactions. In the last week, the value of transactions recorded an average of 6 to 7 thousand billion, its lowest average in the last 8 months.

On the other hand, with the increase in the value of the transactions, the dynamics of the market increases, and with the exchange of shares and the entry of fresh shareholders into the market, we can consider a higher chance to complete the correction process and return to the upward trend.