Iran Capital Market Daily Report
Tehran Stock Exchange’s main index gained 994 points to end Sunday trade at 95,600. Khalij Fars Co. gave the biggest boost to the benchmark, followed by I. N. C. Ind. And Isf. Oil Ref. Co. respectively by 300, 162, and 130 points. In other side, Bank Melli Inv. Weighted the most on TEDPIX by 21 points, followed by Asan Pardakht Pers. and Metals& Min. by 17 and 15 points. The IFX also inched up8 points to end yesterday trading session at 1,064. Total trade value in both TSE and IFB market was more than 8,200bn IRR.
Today's Market Forecast
TSE main index gained 19,000-20,000 points since early this year. The reason for such rise is mainly due to growth in Metals& Min., Refineries, and Petrochemical sectors which get faster recently. The main index chart is in overbuy area by technically analyze the chart.
The stock market begins today while global markets start their first business day and Metals’ prices are slightly decrease and dollar local rate is under 42,000 IRR. The supply pressure may increase in first 2 hours of today’s market regarding to yesterday trades. We anticipate another wave of growth in late days of current week if today’s supplies respond with sufficient demands measure.