IRAN CAPITAL MARKET DAILY REPORT
Tehran Stock Exchange’s main index added 106 points to end Monday trade at 83,452. Esfahan Oil Refinery gave the biggest boost to the benchmark, followed by Tehran Oil Refinery and Bandar Abbas Oil Refinery respectively by 70, 48, and 46 points. In other side, SAIPA weighed the most on TEDPIX by 28 points, followed by Islamic Republic of Iran Shipping Lines Company and Omid Investment by 24 and 22 points. The total trade value in both TSE and IFB markets was 1,450bn IRR.
Today’s Market Forecast
Tehran Stock Market begins today while we’re almost in the middle of current Iranian month (Shahrivar). Study the trend of exchanges at same month (Shahrivar) in previous years shows that Shahrivar could be a hard month for the market due to time for brokerages’ credit settlement. But we’re facing to different condition this year because investors are not forced to pay their debt to the brokerage firms. However, stock market has long way to its ideal conditions. Due to yesterday trades, related symbols to refinery group may be in list of popular symbols.