Stock market forecast Tuesday, July 27, 1402/ Will Raisi hear the alarm of the stock market?

According to Tejarat News, the rapid rally that took place at the beginning of this year had given hope to the stock market shareholders who had been waiting for the return of the market. In the past three years, while the stock market was in a downward and erosive trend until November 1401, the prices in the parallel markets, such as property, cars, and the dollar, had multiplied and multiplied.

Meanwhile, the survival of the market was considered one of the important drivers for growth. At the same time, the life of the market’s spring rally ended shorter than expected. On May 17, which is forever etched in the memory of shareholders, sudden sales began and until the moment of writing this report, the main index of the glass hall has experienced more than 590 thousand units.

The comparison between the collapse that the market is experiencing and the collapse of 1999 has created a new idea of ​​the meaning of this word for shareholders. The interesting thing to note is that the market experienced a decrease of 826 thousand units in the height of the main indicator between August 2019 and November of last year. Currently, in just two months, nearly 600,000 units have been reduced from the height of the total index.

2 million total index support could not stop the fall!

Monday’s stock market transactions took place while the overall index moved faster in its downward trend. So that the main index of the glass hall faced a sharp drop of 64,663 units, which is equivalent to 3.2% of this index. Based on this, the total index stood at the level of one million and 956 thousand units at the end of trading on Monday.

Also, the equal weight index also lost its 700,000 units along with the main indicator of the glass hall of the important channel and reached the level of 687,752 units with a drop of 2.93%.

Tehran Stock Exchange under the microscope of statistics and figures

The board of the Tehran Stock Exchange shows the volume of transactions on Monday at 11 billion 900 million and the value of shares, preemptive rights and mutual funds at 7,21 billion tomans.

Investigating the ownership statistics of real people indicates the withdrawal of real people’s capital from the stock market. The index of capital inflows and outflows at the end of Monday’s stock exchange reports the outflow of one thousand and 87 billion tomans from shares, preemptive rights and mutual funds.

The increase in the volume and value of transactions at the same time as the stock market’s sales line gathers can be interpreted as a sign that shares are changing hands between shareholders who are tired of the downward trend and new investors. If this interpretation turns out to be true, we can see a break in the heavy downward phase of the market, which can lead to a minimal growth of the market as a whole.

Extraordinary meeting of pastors in response to the fall of the market

Poura Brahimi, the chairman of the Economic Commission of the Parliament, announced the extraordinary meeting of this commission to examine the reasons for what is called market volatility. He stated: “The meeting was held on Monday with the presence of the CEOs of the National Iranian Oil Company, the Oil Products Refining and Distribution Company, the head of the Stock Exchange Organization, and the auditors of the country’s Audit Bureau, and the process of dealing with pricing violations ordered by the Ministry of Oil in the market “Capital has begun.”

The foot of the margins of the food price reached the president!

The Chairman of the Economic Commission of the Parliament is still not accepting the increase in the feed rate of petroleum refining industries. Poura Brahimi, in a new move, in a letter to Ebrahim Raisi, demanded to review the mechanism of determining the price of feed delivered to petrochemicals in such a way that the feed of petrochemicals is determined based on a market-oriented mechanism and affected by internal and regional variables.

Pourabrahimi believes that the formula for determining the feed rate of petroleum refineries should not take away the relative advantage of domestic companies.

Stock forecast for Tuesday

The last hour of trading was accompanied by an increase in the strength of demand. The trading process in the final phase led to gathering of sales queues. The pumping of positive news caused by the movements of the officials as well as the news of the release of subordinated bonds in the possible amount of 5 thousand billion Tomans may cause the market to return during Tuesday’s trading. Therefore, experts believe that after the huge drop in the stock market indices, the opportunity has finally arrived for the stock market to rest.