The Tehran Stock Exchange index at 9:52 AM today rose by 103,833 units to the level of 7 million and 497 thousand and 80 units. This increase at the beginning of trading is approximately 1.4 percent and indicates the continuation of the wave of demand in the stock market.
Simultaneous Growth of Indices
Meanwhile, the equal-weighted index also increased by 18,116 units to reach 2 million and 12 thousand and 261 units. The simultaneous growth of the total index and the equal-weighted index is of special importance; as it indicates that positive movements in the market are not limited to large and index-making symbols, and a significant portion of small and medium symbols are also on the demand side.
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Market Value and Transactions
The market value of the Tehran Stock Exchange at this point has reached approximately 216 trillion and 636 billion rials. Additionally, the value of transactions recorded in the cash market of the stock exchange has been about 171 trillion and 414 billion rials, and the trading volume has exceeded 30.8 billion shares.
On the other side of the capital market, the over-the-counter market is also experiencing positive transactions. The total index of the over-the-counter market at 9:52 AM rose by 793 units to reach 58 thousand and 22 units. The market value of the first and second over-the-counter markets is reported to be about 30 trillion and 929 billion rials, and the base market value is about 7 trillion and 376 billion rials.
The value of transactions in the over-the-counter market has also reached approximately 78 trillion and 940 billion rials at this hour, and the trading volume in this market has recorded 7.63 billion shares.
Technical Analysis and Market Outlook
From a technical perspective, the movement of the total index towards the 7.5 million unit range is of special importance. Crossing the index from previous peaks and recording consecutive increases indicates a bullish short-term market structure; however, the 7.5 million unit range can serve as an important psychological resistance, where supply increases and traders realize profits. Therefore, how the index reacts to this range is crucial for determining the next direction of the market.
If the index stabilizes above this level and the value of transactions increases, the bullish technical signal may gain more credibility. Conversely, an inability to sustainably cross the 7.5 million unit range may pave the way for a short-term rest or correction.
In such conditions, the nearby supports of the index become more significant, and traders should pay closer attention to price behavior and trading volume. The growth of the equal-weighted index is also a positive sign for the market structure and indicates that the upward trend has relative depth.
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