IRAN CAPITAL MARKET DAILY REPORT
Tehran Stock Exchange’s main index gained 100 points to end Tuesday trade at 83,469. Persian Gulf Petrochemical Industries gave the biggest boost to the benchmark, followed by Mobarakeh Steel Company and Esfahan Oil Refinery respectively 53, 28, and 17 points. In other side, Pakshoo Company weighed the most on TEDPIX by 15 points, followed by Bank Mellat and North Drilling Company by 7 points each. IFX remained at 943 with almost no changes. The trade value in both TSE and IFB markets was about 4,180bn IRR.
Today’s Market Forecast
There is only 1 more week to end the summer and first half of the current Persian Year (1396). Settlement of received credits by investors to brokerage firms are not like previous years and have no significant negative effects on stock market. Fortunately, there are two more working days to end the time of settlement. As we mentioned before, there is another IPO on today’s market. It seems that we have a balanced market with positive tendencies.