On the last trading day of the week, the Tehran Stock Exchange had a remarkable increase of over 171 thousand units, reaching a height of 7 million and 766 thousand units. This upward trend, which has become apparent in recent days, is a sign of the continued influx of demand into the stock market.
Trading Trends and Influential Symbols
During today's trading, 906 thousand and 531 transactions were conducted in the stock market, and the value of transactions reached 39.3 trillion rials. Although the number of transactions remained below one million, the significant growth of the overall index indicates that a considerable portion of the demand has been concentrated in large and index-driving symbols.
The symbols of Foulad, Pars, Shepna, Taban, Foolad, Shasta, and TAPIKO were among the influential symbols on the Tehran Stock Exchange and played an important role in the growth of the main market index.
Movement in Line with the Over-the-Counter Market
The Iran Over-the-Counter Index also moved in line with the Tehran Stock Exchange today, increasing by 1,141 units to reach 61 thousand and 861 units. In the Iran Over-the-Counter market, 669 thousand and 549 transactions were conducted, and the symbols of Maroon, Fzar, Kghr, Saman, Neshkar, Sharanel, and Arfa were introduced as influential symbols on this market index.
The increase of over 171 thousand units in the overall index on the last trading day of the week occurred while the stock market has mostly been on an upward trajectory in recent days. The continuation of this trend in today's trading brought the overall index closer to the level of 7.7 million units.
Sustainability of the Upward Trend
On the other hand, the value of retail transactions and the presence of large and index-driving symbols on the influential side of the market indicate that a significant part of today's growth has been driven by large companies in the market. However, to assess the sustainability of this trend, the behavior of transaction values, the influx and outflow of liquidity, and the participation range of symbols in the coming days should also be considered.
