EghtesadOnline Report:

The Index Rises on the Last Trading Day of Autumn 1403 / 60% of Market Symbols Were Negative

Today, the overall index of the capital market rose by 6,503 points, reaching 2,680,490 points. The equal-weighted index, however, was negative for the third consecutive day.

News ID: ۲۰۰۰۴۹۱

18 December 2024

EghtesadOnline: Although the overall index showed a positive trend today, it had been negative during the early hours of trading and made an impressive comeback later. Despite the overall index rising, the equal-weighted index, unlike yesterday, remained negative for the third consecutive day. The value of retail transactions today in the capital market exceeded 16 trillion Toman. 40% of market symbols were positive, while 60% were negative.

The capital market has experienced significant growth over the past month, with the overall index reaching its best level in the past 18 months. Therefore, it is natural to witness a slight decrease in the index recently, as some experts believe that correction and rest in the market after such significant growth is a natural process and part of the market's inherent nature.

In the autumn of 1403, the capital market managed to achieve a return of over 20%, and this significant growth occurred under the influence of policies such as the revaluation of automakers, increased foreign exchange conversion rates for banks, the policy of reducing interest rates on Treasury bills, and the establishment of the agreed-upon foreign exchange system.

Today, the overall index of the stock market rose by 0.24%, or 6,503 points, reaching 2,680,490 points. The equal-weighted index fell by 0.76%, settling at 827,271 points.

Symbols such as *Fars*, *Foolad*, *Parsian*, *Foulad Mobarakeh*, and *Vahid* were among the main contributors to the market today. Additionally, *Webmellat*, *Zobahan*, *Foolad*, *Khodo* (Car), and *Shateran* were the most traded symbols.

The overall index of the Iran Fara Bourse also fell by 0.21%, reaching 25,663 points.

Symbols such as *Arfa*, *Entekhab*, *Khavar*, *Fasba*, and *Bepas* were the main contributors to the Fara Bourse today. Moreover, *Carbon*, *Khabarna*, *Khavar*, *Fasba*, and *Shafam* were the most traded symbols on the Fara Bourse.