Index-PMI Divergence

Tehran's TEDPIX Hit 5.56 Million on August 9 After Five Sessions of Retail Buying Against Institutional Selling, While Iran's PMI Stayed Below 50

Tehran's TEDPIX hit 5,560,234 points on Sunday, August 9, 2026, up almost 8 percent from August 2. Sahmino's own trading data shows institutions were net sellers every single one of those five sessions while retail investors were net buyers. At the same time, Iran's economy wide PMI came in at 47.3 for the month ending mid July, the 16th straight month below the 50 point growth line (Iran Chamber of Commerce).