The Tehran Stock Exchange (TSE) extended its powerful rally on Sunday, marking one of the most significant trading sessions in its history as key market indices climbed to new record highs.
The benchmark TEDPIX index surpassed its previous all-time peak and closed at a historic 4.493 million points, rising 2.32% or more than 102,000 points during the session. The previous record of approximately 4.491 million points had been set on January 19.
The milestone comes on the 13th trading day since the market reopened following a temporary shutdown caused by the conflict involving the United States and Israel against Iran. Since trading resumed, the benchmark index has delivered a gain of more than 21%, reflecting a sharp resurgence in investor confidence and risk appetite.
Demand remained exceptionally strong throughout Sunday’s session. The value of buy orders standing at the market close reached 26 trillion tomans (about $147 million), indicating continued appetite for equities despite the market’s recent surge.
The rally has also been accompanied by substantial inflows of retail capital. Since the reopening of the market, approximately 48 trillion tomans ($271 million) of net real money has entered the stock market, underscoring growing participation by individual investors.
Beyond the benchmark index, broader market indicators also continued to set new records. The equal-weight index, which tracks the performance of companies regardless of size, advanced 2.6% and entered the 1.2 million-point range for the first time. Having already broken its previous record last week, the index has now spent five consecutive sessions in uncharted territory, suggesting that gains are being distributed across a wide range of stocks rather than being concentrated in a handful of large companies.
Despite the market’s strong momentum, the value of retail trading fell to 14.755 trillion tomans ($83 million). The decline did not reflect weaker demand. Instead, it was largely the result of an increasing number of stocks reaching the exchange’s daily price fluctuation limit.
Under the TSE’s current 3% daily price limit, stocks that rise to the maximum allowed level often become locked in buy queues, reducing the number of transactions that can actually be executed. As a result, strong demand can sometimes suppress trading turnover rather than increase it.
At the end of the session, outstanding buy queues were valued at roughly 17.5 trillion tomans ($99 million), highlighting the significant imbalance between buyers and sellers.
Market breadth was overwhelmingly positive. About 95% of traded stocks, equivalent to 773 symbols, finished the day in positive territory. Institutional investors accounted for 63% of total selling activity, while individual investors were responsible for more than half of all purchases.
Preferred Destination
Equity investment funds remained the preferred destination for retail capital. These funds recorded net inflows exceeding 1 trillion tomans ($5.6 million) during the session, maintaining their position as the leading liquidity magnet in the market.
Sector-focused funds ranked second, attracting 343 billion tomans ($1.9 million) in fresh retail money. Meanwhile, fixed-income funds continued to experience outflows, losing more than 1.247 trillion tomans ($7 million) of investor capital. Saffron-backed and leveraged funds also registered net withdrawals.
Among industry groups, banking stocks once again led the market. The sector attracted 758 billion tomans ($4.3 million) in net retail inflows, reinforcing its role as the market’s primary driver. Chemical producers and refiners followed closely, each drawing nearly 600 billion tomans ($3.4 million) of fresh capital.
With record-high indices, persistent liquidity inflows and strong buying pressure across most sectors, Tehran’s stock market appears to be experiencing one of its strongest rallies in recent years, although investors will be watching closely to see whether the momentum can be sustained after such a rapid advance.
