On the morning of Sunday, July 12, 2026 (21 Tir 1405), the Tehran Stock Exchange overall index (TEDPIX) fell about 2.49% to around 5,056,740 in early trade, extending several pressured sessions; the equal-weighted index dropped 2.08%, a sign the selling is broad. This piece explains what a heavy sell queue means, why even fundamentally sound shares get sold on days like this, and why systematic risk does not necessarily mean companies' intrinsic value has changed.
