IRAN CAPITAL MARKET DAILY REPORT
Tehran Stock Exchange’s main index gained 113 points to end Monday trade at 83,369. Persian Gulf Petrochemical Industries gave the biggest boost to the benchmark, followed by Mobarakeh Steel Company and Golgohar Mining and Industrial Company respectively by 89, 42, and 19 points. SAIPA weighed the most on TEDPIX by 20 points, followed by Pakshoo Industrial Group and National Iranian Copper Industries Company by 15 and 14 points. Iran Farabourse’s main index also remained at 943 with no changes. Total trade value in both TSE and IFB markets was about 1,100bn IRR.
Today’s Market Forecast
TSE market ending the current week with 2 IPOs which will offer respectively today and tomorrow. However, the total liquidity needed for mentioned IPOs is less than 700bn IRR but the stock market already experiencing liquidity deficiency. Another important issues are price trend of commodities and brokerages’ credit settlement.
The supply pressure may decrease in today’s market. It seems that, the stock market will face a balanced condition.