What was the reason for the significant growth of the stock market? / Index rise to return to the channel of 1.6 million units

According to Tejarat News, the total index of Tehran Stock Exchange was accompanied by a growth of 39,059 units today, Monday, June 14, 1401, and the homogeneous index ended its work in the range of 429,000 units. This event, which surprised the people of the capital market, once again revived the hopes for the stock market to jump again to return the index to the channel of 1.6 million units.

What was the reason for the growth?

Many experts and capital market activists believe that the Tehran Stock Exchange was prone to significant growth after the index reform over the past two weeks. The sudden jump of the index during today’s trading hours was in the same direction. According to these stock exchanges, the events that are taking place in the foreign exchange market have also been among the factors affecting the upward trend of the overall stock index. The events that led to the entry of the dollar into a new price channel in the open market, and due to the direct impact of dollar shares on the exchange rate fluctuations, paved the way for stock market indices to jump.

Of course, this effect seems to have originated from the psychological effects of the increase in the price of the dollar, because due to the deepening gap between the price of the free market dollar and the half dollar, the direct relationship between the free market rate and the trend of dollar shares has been cut. But as it was said, the emotional effects of the recent developments in the foreign exchange and even gold markets caused such an event in the Tehran Stock Exchange.

Will the stock exchange take back 1,600 channels?

The Tehran Stock Exchange started the year 1401 in a situation where fewer shareholders were hoping for the index to climb to the channel of 1.5 million units in the short term. But the capital market still surprised stock market activists; In a way that not only the index took back the channel of one and a half million units, but also for a short time, it was able to reach the range of one million and 600 thousand units again.

Of course, in the last two weeks, the Tehran Stock Exchange returned to the channel of one and a half million units with a relatively heavy setback. But today’s fluctuations in the stock market revived the hope in the hearts of capital market residents that we can probably see an index jump to a higher channel in the coming days.

Experts and analysts now believe that given the value of most stock exchanges as well as the pattern of exchange rate growth in the open market, it can be expected that the growing trend of the overall index will continue, and naturally this growth can be in commodity-based stocks. Also, most indexers are more sensitive than other stock groups in the market.