Changing Trader Behavior Near Historic Stock Market Ceiling Is Key Resistance Breaking?
The Tehran Stock Exchange had one of its most positive and dynamic weeks in the week ending Wednesday, November 11, 1,405. This week, the main market indicators registered a significant growth and the total flow of real money into stocks, pre-emptive rights and stock funds exceeded 18,500 billion tomans. Although the market faced increased selling pressure and outflow of liquidity on Sunday, the return of demand in the following days, especially on Tuesday, caused the trading route to rise again.
The total index of the stock exchange, which stood at 7 million 912 thousand units at the end of the last trading day of the previous week, reached 8 million 427 thousand 314 units at the end of trading on Wednesday this week. In doing so, this index increased during the week by 515 thousand and 314 units and registered a return of approximately 6.52%.
The total equal weight index reached 2 million 356 thousand 433 units from a level of 2 million 229 thousand units at the end of last week. The growth of 127,433 units in this index was equivalent to approximately 5.72%.
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