Tomorrow’s stock forecast / Dominion movement of the total index

According to Tejarat News, the total index of the stock exchange reached 16,532 units today, Saturday, June 19, with a decrease of 16,632 units.

The total value of small transactions was 3,900 billion tomans, legal entities bought 32% of the shares, ie 1,260 billion tomans, and their purchase surplus was 18% of the total transactions.

Mahshid Dadashzadeh, a financial markets expert, told Tejarat News: “The overall stock market index has an upward trend until the end of the year, and by examining the trend line, we can say that the index has a downward or upward trend.” If the market trend is downtrend, the index will reach the range of one million and 480 thousand units, and if the trend is upward, we can expect the index to break up to the range of one million and 600 thousand units.

What effect do sanctions have on the stock market?

The capital market expert explained: “Petrochemical sanctions have a medium-term and interim effect on the stock market, and accordingly, some of the market shares and symbols of the banking group will probably be attractive tomorrow.”

He explained: “Refineries are the hallmarks of the capital market and these days they have a psychological impact on the market by publishing financial statements.” Eventually this trend of negativity moves domino everywhere in the market.

Referring to the sanctions on petrochemicals, Dadashzadeh said: “These two banned petrochemicals will have a downward trend in the short term.” But if the pricing formula or the dollar exchange rate changes, there is a 20% chance that these industries will improve.

He concluded: “Psychological range is very important for the capital market.” But with factors such as inflation and sanctions, the stock market trend is still upward.

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