Articles
Neutral, dated analysis and explainers across Iran’s markets.
EducationalEarnings Per Share (EPS) and Price-to-Earnings (P/E): What They Are and How to Read Them
This lesson explains how earnings per share (EPS) and the price-to-earnings (P/E) ratio are calculated, the difference between the trailing and forward versions, what "adjustment" means, and why in Iran's inflationary economy a low P/E does not always mean a cheap stock.
EducationalTEDPIX vs the Equal-Weight Index: What Sets Them Apart and Why They Diverge
Learn what the Tehran Stock Exchange's overall index (TEDPIX) and its equal-weight index each measure, why one can turn green while the other stays red, and what a divergence between them signals about market breadth and real-money (retail) inflows. A labelled hypothetical shows how an index can rise while most stocks fall.
EducationalWhat Is an Investment Fund? Fixed-Income, Equity, Balanced, Gold Funds and ETFs Explained
What is an investment fund, and how does it differ from buying shares or gold directly? This lesson explains the main fund types (fixed-income, equity, balanced and gold), what NAV (Net Asset Value) means, and how an exchange-traded fund (ETF) differs from an issuance-and-redemption fund, with simple worked examples.
EducationalSejam and the Trading Code: A Step by Step Guide to Opening a Brokerage Account in Iran
What is Sejam, why must every investor register before trading on the Tehran Stock Exchange, and where does the trading code come from? This lesson walks through registration, in person and remote identity verification, and choosing a brokerage.
EducationalTehran Stock Exchange 101: What Are Shares, Tickers, and the Overall Index?
Learn what a share and a ticker symbol are on the Tehran Stock Exchange, how the overall index is calculated, which days and hours the exchange trades, and how the daily price fluctuation band limits a ticker's price moves.