Stock market forecast tomorrow Saturday / hope for stock market growth?

According to Tejarat News, the total stock index fell 0.66 percent last week and remained in the 1.4 million channel.

Experts believe that the stock market can still have a balanced and profitable trend.

“The stock market will probably turn green on Saturday,” Saeed Amirshah Karami, a capital market expert, told Tejarat News. Also this week, if the index is corrected, it will reach the range of 1.4 million units. If it grows, the ceiling of 1.5 million units can be seen for the stock market.

He explains: The total index on the last working day of last week (April 24) with a growth of 8,000 units was able to climb to one million and 454 thousand units. The value of small transactions in the capital market was 4991 billion tomans, of which three groups of cars and parts, chemical products and investments were able to have the highest value of transactions.

Amir Shah Karami explains: Last week, the news of gradual effects on the export of goods led to a serious decrease in indicators on Tuesday. But on Wednesday, with the help of the refining group, the market sales pressure eased, and as time went on, the market as a whole benefited from the positives of the refineries, until even the transactions of export groups, especially refining and steel, were again in a positive range.

What is the reason for the growth of the stock market?

“There are three important factors in forecasting the stock market next week,” he said, referring to the factors influencing next week’s trading. First, it goes back to the news related to Borjam. What is being taken from the news and rumors is that nothing special will happen in the coming week. The dollar will fluctuate in the range of 27 to 28 thousand tomans.

He continues: News related to export duties is the next case and is the most sensitive for market participants. According to the correspondence of the head of the Exchange Organization and the Association of Steelmakers of the country, the implementation of this law is still uncertain. As in the winter of last year, the feed rate of export industries was reformed.

Amir Shahkarami states: It is the third component of world prices. Usually, Iran’s capital market pays more attention to oil prices than the world market. Brent oil is also trading at $ 110. Russia’s military moves in Ukraine as a positive factor and the corona outbreak in China as a negative factor are among the factors affecting oil prices, which have caused oil transactions to be balanced and away from serious fluctuations.

He explains: It seems that the stock market will have a green start at the beginning of the week with the help of the refining, petrochemical and automobile groups. But it is uncertain whether this trend will continue until the end of trading. It is tomorrow’s market that determines whether Tuesday’s negative trades were a fluctuation and a buy opportunity on the market’s uptrend, or was Wednesday’s positive trades an opportunity to sell?

Amir Shah Karami finally reminds: it should be said that the overall index has had an upward trend since the beginning of the new year. But it seems that until the suspicions about the gradual effects on the export of goods are removed, we can not expect rapid market growth. Slight correction after a rapid growth is quite natural and in the interest of the market. On the other hand, world prices, the proximity of the trading season and the dollar exchange rate are among the factors that will prevent market price correction.