Gmail - Iran Weekly Market Report - 14 May 2015:
"During the last three trading sessions of the week, the Tehran Stock Exchange slightly recovered from the negative trend it has been experiencing in past few weeks. Regardless, the All-Share Index fell below last Wednesday’s mark by 0.8% to close at 63,531. Considering the fact that the All-Share Index has been falling from 70,843 level (April 6th 2015), the last three days could be regarded as the first serious reaction by the market against the bearish trend of the past few weeks.
From a technical perspective, this reversal of the trend could be due to the fact that the All-Share Index was getting close to its March 2015 strong support level of 61,500. This has also been the lowest market level since September 2013.
At the same time, the index of 30 largest companies by market capitalization listed in the Tehran Stock Exchange declined by 0.9% to settle at 2,912 at the end of Wednesday’s trading session. The TSE30 index had a similar performance during the last three trading sessions of the week."
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