The forecast of the stock market on Saturday, March 20, 1401 / dollar continues to stimulate the growth of the capital market – Tejaratnews

According to Tejarat News, the growth of 30,000 units of the main indicator on the last working day of the week coincided with the visit of the General Director of the Atomic Energy Agency, Rafael Grossi, to Iran, and on the other hand, with the drop in the price of the dollar.

It is interesting to note that before this the growth of the capital market was in a correction state and some stocks had corrected more than 15-20%. Therefore, in itself, this potential was created in the market to provide the basis for the growth of symbols.

Another sign that is evident in Grossi’s visit to Iran is the reduction or temporary cessation of political tensions and the fight between the parties over nuclear energy. This sign will clearly reduce the systematic risk of the capital market for investors and increase the general popularity of the stock market.

Meanwhile, the new agreement between Iran and Saudi Arabia on the resumption of bilateral relations not only reduced the price of the dollar and brought it to the channel of 48 thousand tomans, but will gradually increase the confidence among economic activists so that investors with a hopeful outlook To improve international political relations and, as a result, economic and commercial openings, return to the capital market.

Another thing about the capital market is that this market has not yet found the opportunity to match the 45 to 50 thousand toman dollar. Therefore, despite the drop of the dollar from 60 thousand tomans to the current rates, the dollar will still be the first driver of the stock market.

The state of capital market leader industries

In the meantime, unfortunately, the automobile industry has become political, and the opinions of representatives and officials are increasing and changing frequently. It seems that as long as there are conflicting opinions about the pricing of products, the growth potential of this industry will be taken as a whole due to the existing risks.

Regarding the steel industry and the resolution that was announced regarding steel products, it can be mentioned that the price of ingots rose from 12 tomans to more than 20 thousand tomans in a short period of time. It is natural that this price increase increases the legislator’s concern and decides to limit and asymmetric the fluctuation range in order to control emotions.

Since the price of steel products in the commodity exchange moves with global prices and based on the exchange rate, the range of symmetrical fluctuations and the efforts of policymakers to control the price of steel cannot completely stop the price trend. Also, P on E of steel industry companies is in the lowest range compared to other companies.

Stock forecast

Considering that the capital market is still lagging behind the growth of the dollar and the stocks have not yet matched their free rate of 45 tomans to the dollar, there is a potential for growth in the market.

On the other hand, most of the sales of rights these days are traditionally due to financing for end-of-year payments. By reducing the pressure of legal sales, the demand will increase and the market will move towards the green side of the trading board.

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