A 125% increase in the stock market.
Examining the trend of the entire stock market index this year shows that the market has experienced three rising periods and three falling periods and now the market is in its fourth rising wave.
After the correction in the downward waves, buyers immediately entered the market and drove the prices up. The presence of buyers on the floors and the state of the market's fundamental variables show that this year's stock market is different from 2019.
The first rising wave of the stock market since the beginning of this year's trading occurred at the end of May and lasted until July 16. During this period, the total index reached the level of 5 million and 300 thousand units with a growth of about 43% from a range of 3 million and 700 thousand units.
This growth occurred in a situation where after the war, some analysts were skeptical about the stock market's prospects and its ability to recover on its upward trajectory. However, the flow of demand in the market strengthened and the index managed to experience a significant increase in less than two months.
After the first record high, the market entered the correction phase. During this period the overall index lost about 10.5% of its height and part of the previous growth was adjusted. However, the drop in prices did not lead to the end of the bullish trend.
After the shares were transferred between different groups of investors and the selling pressure was reduced, the second wave of growth began. At this point the index not only crossed the previous record in the range of 5 million and 300 thousand units, but also advanced to the channel of 7 million and 500 thousand units and recorded a new record.
The second wave of the reform began at the end of September. The severity of this decrease was less compared to the first reform and the total index experienced a decrease of about 5.4% during this period. Then, from the beginning of October, the third rising wave was formed.
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The official channel of Donya Akhtaz newspaper.