What is the market like tomorrow? / Is the index correction ongoing?

According to Tejarat News, the stock market ended yesterday with the fall of two stock indexes. The total index of the stock exchange yesterday with 1397 negative units was in the channel of one million and 436 thousand units and the homogeneous index with a decrease of three thousand units was in the range of 398 thousand units. What is the stock market forecast for tomorrow?

Yousef Hashemi, a capital market expert, said about the reason for the fall of the stock market index in recent days: “The decline of the stock market index last week was mainly due to the decrease in the dollar rate and speculations about extensive changes in the management body of the stock exchange organization.”

The market expert continued: “Currently, considering that the new management team of the Exchange Organization was appointed last weekend, this week the market will look only at the trend of the dollar price, because other factors such as world oil and commodity prices are still stable.” And they are rising so the market is not worried about that.

In another part, Hashemi said: “It seems that this week the main focus of the market is on the dollar rate and bank interest rates. If there is no decrease in the dollar rate and no increase in bank interest rates, we can see a better trend in the market.”

Read the latest stock market forecasts every day at 5:00 PM on the Trade Exchange News Forecast page.