Title: Tehran Stock Exchange Surges Past Key Milestone, Signaling Investor Confidence
A Landmark Day for the Market
In a significant rally, the Tehran Stock Exchange’s main index (TEDPIX) closed decisively above the key psychological level of 3 million units on Sunday. The index registered a substantial gain of 68,412 points, finishing at an impressive 3,018,000 units. This upward movement was broad-based, with the equal-weighted index also climbing 15,758 points to enter the 860,000-unit territory.
Drivers of the Rally
The day’s positive performance was fueled by strong activity in major listed companies. Corporations such as Fars and Foulad Mobarakeh (Fameli) were significant contributors, jointly accounting for 15,000 points of the main index’s growth. Web Mellat (Wabmelat) and Fameli emerged as the most traded symbols, with trade values of 376 and 390 billion tomans, respectively. The total value of the Tehran stock market surpassed the 9 quadrillion toman mark, setting a notable record.
Trading activity was robust, with the day’s total trade value exceeding 160 billion tomans and outpacing the monthly average. Retail trade value reached approximately 12.6 trillion tomans. A key indicator of sentiment was the net inflow of 2,275 billion tomans into the equity market by real investors, coupled with a 1,561 billion toman outflow from fixed-income funds, suggesting a strategic shift in capital allocation towards stocks.
Sectoral Performance and Outlook
Eight major industrial sectors were the primary beneficiaries of this liquidity, each attracting over 100 billion tomans. These sectors—including petroleum products, multi-industry, banks, chemicals, basic metals, automotive, metal ores, and pharmaceuticals—collectively drew in 1,713.6 billion tomans of real investment. The parallel market, Iran Fara Bourse, also saw gains, with its index rising by 329 points to 25,964, nearing the 26,000-unit threshold.
Sustained Momentum Ahead
Market analysts suggest that breaking the 3-million-unit resistance level and the substantial liquidity inflow indicate a restoration of investor confidence and a strengthening bullish trend. With the market’s highest level this year recorded at 3,252,000 units, the current trajectory suggests a potential challenge of this peak in the coming weeks.
For tomorrow’s trading session, the continued upward trend is anticipated, supported by the breakthrough of the key resistance level and sustained interest in large-cap symbols. The focus of liquidity on sectors like banking, basic metals, and petroleum products is expected to be the main driver of any further index growth. While a temporary correction in early trading is possible following today’s rapid ascent, maintaining a net liquidity inflow above 2,000 billion tomans increases the likelihood of the main index setting a new weekly record. The performance of pivotal symbols like Fameli, Fars, and Wabmelat will be crucial in steering the market’s direction.