Stock market forecast until the end of the year / market waiting for Barjam negotiations

According to Tejarat News, the stock market traded lower this week and the index remained in the range of 1,282.

On Wednesday, the total homogeneous index fell 0.07 percent and reached the range of 325,282 units. Traders in the capital market made 296,593 trades worth 24,620 billion tomans.

On the other hand, the OTC index remained in the range of 17,528 units. The number of OTC trades reached 715,719. Finally, the total value of retail transactions was 2440 billion tomans.

Is the stock market in a coma?

“The most important factor influencing the stock market during the next week is the Borjam negotiations,” Iman Raisi, a financial markets expert, told Tejarat News. According to Mikhail Ulyanov, Russia’s representative in Vienna, the talks are five minutes long; But these five minutes are not over yet.

He explains: The food and banking groups have reached the support floor due to the good news of the negotiations. But the market suffers from a lack of trust.

He emphasizes: Some legal entities and realities need liquidity. For this reason, the market is unlikely to grow in the first half of March, and the second half will come out of a coma as the stock market issues become clear.

Raisi adds: “It should also be borne in mind that parallel markets such as housing and cryptocurrencies have maintained price stickiness.” Because the tax promise has not been fulfilled yet.

The financial market expert continues: News such as the tax on bank deposits and the reduction of interbank interest rates have little effect on the stock market. Because the market is waiting for positive news from the Barjam negotiations.

He emphasizes: the outflow of real money in the market is not complete and the reason is the distrust of shareholders in the stock market as a whole.

“The trading volume is low and we should not expect the market to grow until the trading volume increases,” he concluded.