stock market forecast Saturday 13 June 1402 / Will the stock market be affected by the holiday? – Tejarat News

The stock market ended the second week of June when the power of sellers prevailed over buyers and the value and volume of transactions also dropped to low levels. Of course, this trend can be interpreted in connection with the path of the dollar and the holiday of the third week of June. Experts believe that although the market was full of ups and downs last week, it is waiting for a serious stimulus to take an upward path due to the potential of the shares.

According to Tejarat News, the Tehran Stock Exchange ended trading in the second week of June when it faced a 3.2% decrease in the height of the total index and 3.45% of the weighted index.

In this week, the average value of small transactions also decreased sharply and reached the level of 9,800 billion tomans. This was while the volume of transactions had reached the lowest level in recent weeks.

Last week, the Sultan of Oman’s visit to Iran was one of the most influential news on the markets. The trip of this high-ranking official of the region to Iran increased the speculations for the resumption of JCPOA negotiations and made the markets face negative and positive impulses. The dollar first went into a coma, then increased and at the end of the week had a downward trend. The behavior of the dollar also had an effect on the performance of parallel markets such as gold, coins, and the stock market, and brought these markets up and down.

However, the stock market digested this news in a different way due to the variety of stocks, both in rial and dollar; In such a way that both rial stocks and dollar stocks of the market were able to attract a group of buyers in each of the news waves. In the meantime, the uneven course of transactions this week made the Tehran stock market fluctuate greatly.

This was while the stock market was welcoming a week of semi-holiday and many investors, according to the long-standing tradition, were applying to sell shares and be in cash mode. Accordingly, the intensity of the supply increased on Tuesday and Wednesday and sent the market to the holidays.

Saturday stock market forecast

The stock market is expecting an opportunity for an upward trend. Experts believe that due to the relatively good reports of companies, the market can experience an increase in profitability at least until the assembly season. However, moving in this direction will be possible if self-made obstacles do not challenge the stock market. The political and economic risks that the government imposes on the market and the manipulation of indices and the trading process are known as serious challenges of the stock market.

In the meantime, we should add to these systematic risks the upcoming week’s holiday, which will most likely result in low-quality transactions on Saturday. In the meantime, due to the decrease in the global price of commodities, the situation of the dollar and the political news that lead to the weakening of the price of this currency, it is expected that the shares of the valuable rial will be noticed.

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