Stock market forecast Sunday, May 17, 1402/ Stock market caution light turned on – Tejaratnews

According to Tejarat News, the total index of the stock market increased by 20,562 points on the first day of the week and reached 2,535,236 points. At the same time, the equal weight index also registered a promising growth and reached the level of 870 thousand 409 units with an increase of 14 thousand 522 units.

In this way, the stock market is experiencing green days with the coordinated growth of small and large symbols; Although there is no news about the integrated growth of symbols, and accordingly, the threat of emotional trading has been removed from the market.

Growth stimulants

On Saturday, Bank, Refinery and Automobile groups were able to draw a suitable path for their shareholders. The growth of riyal symbols next to dollar symbols, while the dollar has been facing a price decrease, shows that purchases and sales are often made with a more fundamental and analytical view.

At the same time, the news of the increase in the prices of food and detergent groups, as well as the possible increase in the price of medicine, will little by little expose the symbols with a strong foundation in these groups to the attention of traders.

The 12-month reports are another stimulus that will gradually help buyers and sellers with a medium and long-term perspective to determine strategy by being placed on Kodal. Especially at this time of the year, 12-month reports can trigger a fresh wave of buying in the market ahead of AGMs and dividend season.

However, in this uproar, the project of small stocks should not be neglected. If the events of 1999 and the bubble of the small symbols market are repeated, the brakes on the growth of the stock market and the prosperity of the market will be pulled.

Tomorrow’s stock market forecast

Will market transactions reach 30 thousand billion? This is the question that traders and shareholders are asking themselves these days. The value of transactions in recent weeks has approached the peak days of the market in 1999. with the difference that there is no news of emotional buying and selling. However, due to the activation of the aforementioned stimuli, it seems that the volume of transactions will increase in the coming days. In this case, it is not unlikely that the value of transactions will increase and be able to approach the ceiling of 1999.

However, the continuous growth of the market in recent weeks has turned on the caution light and warned against the occurrence of a relatively deep correction.

Read more reports on the stock news page.