Iran Market Pulse: Sunday Midday, 19 July 2026; The Dollar Holds Its 194,500-Toman Record as the Bourse Slides Toward a 9th Straight Loss

Today the dollar held its record, yet the Tehran bourse fell again. Why? Here is the full market picture. By eleven this morning the overall index was down about half a percent, heading for a ninth straight loss. By midday the overall index was trading near four million seven hundred fifty thousand. A weaker rial should help dollar-linked shares, but geopolitical risk pushes money into dollars and gold. The free dollar sits near one hundred ninety-four thousand five hundred toman, a fresh record. The free dollar rose more than three percent to a fresh record near one hundred ninety-four thousand toman. A gram of eighteen-karat gold reached about nineteen point one million toman today. Because gold rose faster than the coin, the Emami coin premium compressed about nineteen percent to six million toman. Both the overall and the equal-weighted index were down, so selling was not limited to large caps. Turnover stayed thin, and real-money flow has been an outflow in recent sessions. Globally, Bitcoin traded near sixty-four thousand dollars and Ethereum near eighteen hundred. In steel, Arian Foulad rebar was quoted between sixty-seven and sixty-nine thousand toman per kilogram. In cars, the Pride one fifty-one is about one point one billion toman, and the market is waiting. Tehran type-two cement is about four million toman per ton, driven mostly by energy and seasonal demand. Limits on shipping through the Strait of Hormuz keep a risk premium alive in the energy market. Brent crude is near eighty-eight dollars and spot gold near four thousand twenty dollars. Watch the second half of the bourse, the dollar and gold, and the Exchange-Center rate today. Full analysis on Sahmino dot com. Does this divergence continue, or does the bourse recover?