Iran Market Pulse: Wednesday Midday, July 29, 2026; The Headline Index Fell 32,000 Points While the Equal-Weight Stayed Green

At midday everyone watched the Tehran headline index. A different number mattered more. By eleven twelve, the headline index sat thirty two thousand points below yesterday's close. Yet at that same second, the equal-weight index stood five thousand points higher. A full point apart, in opposite directions. That is not random, and it means something. The headline index weights the giants more heavily. The equal-weight treats every symbol alike. The mid session board: the Farabourse was green too, so market breadth stayed positive. Here is the part rarely mentioned. National Iranian Copper is halted, and Mobarakeh Steel has not reopened. This drop did not happen on thin trading. More than four hundred thirty four thousand trades by midday. Gold diverged as well. The global ounce climbed, while domestic gold slipped back. Exchange traded eighteen carat gold barely moved, and the Emami coin sat below yesterday. Brent crude held its overnight jump, staying at eighty seven dollars and thirteen cents. For this afternoon and tonight, watch these four things. Today's verdict is clear. The market did not fall, the weights simply shifted. So, the answer: the equal-weight mattered more. Full analysis on Sahmino.com. Which do you believe?