Iran Market Pulse, Morning, Sunday, August 30, 2026: TEDPIX Jumps 2.03% to a Record 6,516,157 as Global Gold Steadies After Friday's 3% Drop and the Coin Hits a New High

1. Lead

Tehran's TEDPIX index jumped 2.03% (up 129,581 points) on Saturday, 29 August 2026 (7 Shahrivar 1405) to a fresh record close of 6,516,157 points, capping what Boursenews called its best week in ten weeks. But the day's story was not only the stock exchange: global gold, which had fallen more than 3% overnight Thursday into Friday on Federal Reserve remarks, steadied around $4,454 on Saturday, while Tehran's free-market dollar climbed 2.7% to 206,010 tomans, pushing the Emami gold coin to a fresh record of 218,010,000 tomans. Separately, Iran's Statistical Center put Mordad's year-on-year inflation at 89%, a fresh record in the official data.

2. Today's snapshot

3. Today's top headlines

• Mordad 1405 year-on-year inflation hit 89%, up 1.1 points from Tir and a fresh record in the Statistical Center's data; the Central Bank puts the same figure at 84.4% (Statistical Center of Iran, via Ecoiran, 29 Aug 2026).
• The Central Bank's new national-ID cash-dollar channel (up to $1,000 at a near-market rate) narrowed the gap between the banking-network rate and the free market to about 8,000 tomans; the banking-network rate was 198,000 tomans on Saturday (Ecoiran, citing Tabnak, 29 Aug 2026).
• Bank Tejarat (23 straight higher closes) and Bandar Abbas Refining (4 straight sessions) both hit fresh one-year highs; Mobarakeh Steel posted its highest close since 25 January (TSETMC, 29 Aug 2026).
• US spot bitcoin ETFs posted a $201.9 million net outflow on Saturday, ending nine straight days of inflows (Arzdigital, 29 Aug 2026).
• Iraq's oil minister said the Kirkuk-Baniyas pipeline would add 2.25 million barrels/day of export capacity outside the Strait of Hormuz; Basrah crude fell more than 6% on the week (Shafaq, 29 Aug 2026).

4. Currency

Tehran's free-market dollar closed Saturday evening at 206,010 tomans, up 2.7% from Thursday's close of 200,600 tomans. The rate climbed in stages through the day, first to the 203,000-toman channel and then, after a presidential speech, to 205,000 tomans (Boursenews and Ecoiran, 29 Aug 2026). On the official side, the Central Bank's new policy of selling banknotes up to $1,000 through the national-ID card channel at a rate close to the market margin put the banking-network rate at 198,000 tomans, narrowing its gap with the free market to about 8,000 tomans; Ecoiran reports that of a $500 million package offered between 25 and 27 August, only $20 million was absorbed by the market. A third rate, the negotiated ("tavafoghi") transfer rate at Iran's Currency Exchange Center, rose 442 tomans to 158,480 tomans (sell) and 157,053 tomans (buy); it remains about 47,500 tomans below the free market. The euro traded at 238,790 tomans in the free market, while its transfer rate at the Exchange Center fell about 320 tomans to 183,809 tomans, a divergence Ecoiran attributed to "fundamentally different drivers" behind the two currencies.

5. Gold and coin

Global spot gold fell from $4,602.86 to $4,454 overnight Thursday into Friday, a roughly 3.2% drop tied to a Federal Reserve official's policy remarks. On Saturday, however, the global gold market steadied and held that same $4,454 level; Sahmino's own data shows the headline drop belongs to Friday night, not Saturday, contrary to some domestic headlines still describing a "3%-plus fall" on Saturday. In Tehran the direction was the opposite: 18-karat gold rose 0.43% to 21,839,600 tomans per gram, and the Emami coin rose 0.93% to a fresh record of 218,010,000 tomans, as the dollar-priced gold pullback was offset, and then reversed, by the free-market dollar's 2.7% jump. Notably, the Emami coin's premium (hobab) stayed relatively contained at about 2 million tomans, unlike the sharper speculative run-ups of recent weeks, suggesting the price record owes more to gold and the dollar than to speculative froth on the premium. The Bahar Azadi coin stood at 213,370,000 tomans and the half-coin at 111,500,000 tomans.

6. Bourse and Farabourse

TEDPIX rose 2.03% (129,581 points) on turnover of roughly 41.8 trillion tomans to a fresh record close of 6,516,157 points; the equal-weight index rose 1.4% to 1,827,951 points. Sahmino's own flow data shows individual investors were net buyers on the exchange board; Boursenews put Saturday's individual net inflow at about 500 billion tomans and the past week's at more than 10 trillion tomans, which it said made this the index's best week in ten weeks. Among individual names, Bank Tejarat extended its rally to 23 straight higher closes and a one-year record of 983 rials, Bandar Abbas Refining hit a one-year high on its fourth straight higher close, Social Security Investment (Shasta) traded at its daily price cap, and Mobarakeh Steel hit a buy queue at its highest close since 25 January (2,776 rials). This record extends the trend yesterday morning's Market Pulse reported, when the index closed the prior week at a record 6,386,000 points. Farabourse, trading roughly 71.5 trillion tomans, rose 1.35% (683 points) to 51,363 points; the Farabourse index is a genuinely separate benchmark from TEDPIX, so its 1.35% gain, while directionally aligned, is its own number. No data was available on any distinct move in the Base Market (bazar-e paye) this session.

7. Crypto

Bitcoin traded at $78,136 on Sunday morning, little changed from Saturday evening but nearly two percent below Thursday's weekly high near $80,000. Ether traded near-flat at $2,456. Tether priced at 204,880 tomans domestically, about 1,130 tomans below the free-market cash dollar, a gap that typically reflects crypto-exchange pricing rather than the cash market. On the news side, US spot bitcoin ETFs posted a $201.9 million net outflow on Saturday, ending nine straight days of inflows; ether reserves on exchanges have fallen 1.4 million units since June to a multi-year low (Arzdigital, 29 Aug 2026). On the security front, the Lazarus Group moved $19.4 million in bitcoin, and a software bug on the Cosmos blockchain network was exploited for a $6 million theft; Russia's central bank said it blacklisted 2,600 crypto wallets in the first half of 2026 (Arzdigital, 29-30 Aug 2026).

8. Iron and steel

The Iran Mercantile Exchange's settlement price for A3 rebar, size 14-20mm, was last set (Wednesday, 26 August, the product's most recent trading day) at 743,837 rials (74,384 tomans) per kilogram, with the 22-32mm size settling at 762,031 rials (76,203 tomans). In the open market, Aryan Steel's factory-gate A3 rebar, size 14mm, priced at 74,090 tomans on Saturday, and size 10mm at 75,450 tomans, meaning the gap between the exchange settlement and the open market this week ran only a few hundred tomans per kilogram, a market with little current pull toward divergence. Globally, Shanghai rebar futures rose 0.84% on Friday to 3,130 yuan per tonne, a mild gain not yet visible in Iran's domestic market.

9. Vehicles

Per Sahmino's own data, the Saipa Pride 151 GX (1405 model) priced at 1,180,000,000 tomans on Saturday and the 1404 model at 1,130,000,000 tomans; the 1404 SE trim traded at 1,080,000,000 tomans. Ecoiran reported that despite the dollar crossing 205,000 tomans, the retail car market stayed "listless," and turned volatile and confused on pricing after the president's speech on the third-tier gasoline price. That should be kept separate from the simultaneous rally in listed automaker stocks (Saipa extended its own rally to a third straight higher close and a one-year record on the exchange); a rally in automaker shares does not necessarily mean heat in the retail car market.

10. Building materials

The Iran Mercantile Exchange's settlement for Type 2 (42.5) bulk cement, last traded Wednesday 26 August, was 26,968 rials (2,697 tomans) per kilogram, and the 50kg bagged version 38,845 rials (3,885 tomans) per kilogram; Type 1 (42.5) bulk settled at 26,268 rials and Type 5 (42.5) bulk at 28,387 rials. The building-materials market was quiet, with no independently verifiable fresh pricing news beyond these settlements.

11. Regional and global outlook

Brent crude stood at $88.29 on Friday, and WTI fell 0.16% to $83.40. In US equities, the Nasdaq fell 0.52% and the S&P 500 fell 0.25% Friday night, while the Dow Jones was nearly flat and Europe's Euro Stoxx 50 rose 0.95%. In Iraq, the oil minister said the Kirkuk-Baniyas pipeline would add 2.25 million barrels/day of export capacity outside the Strait of Hormuz, and Basrah crude fell more than 6% on the week; the dollar traded around 1,540 dinars per dollar in Baghdad and Erbil (Shafaq, 29 Aug 2026), a channel of some relevance to Iran's own currency market as an informal regional transfer route. The Turkish lira stood near 48.2 to the dollar and traded at 43,100 rials; the Chinese yuan stood at 6.726 to the dollar, and the Russian ruble traded around 86 to the dollar. In a development touching the global oil market, the United States announced a 25-year energy deal with Venezuela and, separately, said it had taken control of more than 65 billion barrels of Venezuelan oil reserves; a separate report described US action targeting a Bank of Egypt branch's dollar-system access in the UAE as part of economic pressure on Iran (BBC and Associated Press, 29-30 Aug 2026).

12. Bottom line

Saturday, 7 Shahrivar's verdict: Tehran's bourse had its own day, closing its best week in ten weeks on a fresh record; global gold, though, had a day of calm rather than a fresh slide; and it was the toman that gave ground again, pushing the coin to a record. One thing worth remembering: the Emami coin's premium stayed contained, meaning today's price gains reflect gold and the dollar, not speculative excitement over the premium.

13. What to watch today

Tehran's bourse reopens today, Sunday 8 Shahrivar, after its best week in ten weeks; the question is whether the individual buying and buy-queues in names like Bank Tejarat and Mobarakeh Steel continue into the new session, or the market turns to correction. In the currency market, the roughly 8,000-toman gap between the national-ID rate and the free market, and the far larger gap with the negotiated Exchange Center rate, will stay in policymakers' sights; Mordad's 89% year-on-year inflation reading adds to the pressure on monetary decisions in the week ahead. In the commodity exchange, watch whether this week's new rebar and cement offerings hold the current narrow gap between exchange settlements and the open market; the week's scheduled events can be tracked on Sahmino's market calendar.