SahminoUnderstand Iran’s markets: a neutral and transparent reference.

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Shavan Shares Rose 77.6% Over 22 Straight Sessions While Quarterly Profit Fell 90% (Saturday, September 5, 2026)

Sports Ministry Fully Exits Esteghlal Football Club's Shareholder Register; Its 3.1% Stake Lands at a Persian Gulf Financial Group as the Stock Hits an Eight-Month High (Wednesday, September 2, 2026)

Tehran's TEDPIX Falls 1.21% Today, Wednesday, Ending a Rally of At Least 19 Straight Gaining Sessions (September 2, 2026)

Kian Financial Group's Stock Is Up 465% in a Year, Hit a 12-Month Record on Saturday; Its 180% Capital Increase Diluted No One

Tehran's TEDPIX Jumps 2.03% to a Fresh Record of 6.516 Million Points; This Week's Liquidity Flows From Parallel Markets Into the Bourse (Saturday, August 29, 2026)

Rail Pardaz Novafarin's Stake in Dlip Jumps From 49.5% to 80.9% After a 450% Rights-Stripped Capital Increase (Saturday, August 29, 2026)

Iran Radiator Hits Second Straight One-Year High on Tehran Stock Exchange After 36% Sapco Rate Hike Worth 103.5 Billion Tomans in Revenue (Wednesday, August 26, 2026)

Fameli Hits a One-Year Record of 19,950 Rials on a Third Straight Rally; Its Valuation Sits in the 23rd Percentile of Its Own Sector (Wednesday, August 26, 2026)

Bank Tejarat Hits 20th Straight Rising Session and a 795-Billion-Toman Buy Queue, Still Trading 27% Below Book Value (Tuesday, August 25, 2026)

Taban Enters IPO Threshold With a Claimed 40% Guaranteed Return; NAV at 960 Trillion Tomans, Net Profit Forecast at 24.8 Trillion Tomans for 2026/27 (Monday, August 24, 2026)

Third Straight Pharma Buy Queue in Under a Week: IRDR Hits a One Year High on a 19 Session Run With No Price Moving Codal Disclosure Behind It (Monday, August 24, 2026)

DJBR Jumps 14.53%, Extends Winning Streak to 10 Sessions and Hits a 52-Week High; 13 Days After Bank Employees' Pension Fund Exited Its Stake (Monday, August 24, 2026)

Tehran Stock Exchange Notches Second Straight Record, But Sunday's Gain Shrinks to Just 0.14 Percent

Vabmellat, Mobarakeh Steel, Shepna and Ikco: Sahmino's 4-Stock Weekly Watchlist, From Vabmellat's P/E of 2.99 to Ikco's Losses (Saturday, August 22, 2026)

Sahmino's Screen Finds 4 High-Momentum Tehran Stock Exchange Sectors for the Week Ahead; Data Through Friday, August 21, 2026

Razak Pharmaceutical (DRZK) Has Risen About 176% Since Its June 15 Reopening, Closing Each Session Bid-Locked; Behind the Run, a Jump in Quarterly Profit and a P/E Below the Sector Average

The Money Behind Iran's Brokerages: Mofid Tops the Registered-Capital Ranking of the 10 Largest Tehran Brokerages With 1,000 Billion Tomans (Wednesday, August 19, 2026)

Howard Marks' Lesson for Wartime Markets: Brent Above $91 and the UAE's Break With Iran, Explained for Tehran's Bourse (Wednesday, August 19, 2026)

Ako Battery to List on Tehran Stock Exchange Wednesday, August 19, in a 29,206 to 32,934 Rial Price Range; Underwriter Values the Company at About 37,000 Billion Tomans

Noosh Mazandaran and Silva, One Day, Two Different Paths Into Iran's Capital Market: A 16.34 Percent Block Sale on the Tehran Stock Exchange and a Three-Day Silver Fund Subscription (Sunday, August 16, 2026)

BBC Persian Calls Tehran's Bourse Iran's Best-Performing Market; TEDPIX's 52% Gain Against 87.9% Point-to-Point Inflation (Aug 14, 2026)

Vabmellat's P/E Is 2.84, Versus a 4.95 Banking Sector Average; Here Is How Your Deposit Becomes Bank Mellat's Profit (Friday, August 14, 2026)

65 Percent Controlling Stake in Bemovalled Goes on Sale Saturday, August 15; Base Price Is 2.5 Times the Board

A 500 Million Toman Portfolio With a Six-Month Horizon: Tehran's Index Hit 5.736 Million Points on August 11, Screening Beats Guessing at a Correction

Ehya Locks Limit Up for a Second Session; New Fara Bourse Listing Trades 36 Percent Above Its IPO Price (Tuesday, 20 Mordad 1405)

Kama (Bama Mining) Hits Buy Queue on Tuesday, Mordad 20; Order Book Shows Only Buyers on All Five Levels as Volume Passes Its Monthly Average

Tehran Bourse Retail Turnover Hit a Record 65 Trillion Tomans on Sunday; the Same Day Saw a 6.9 Trillion Toman Retail Outflow

Ehya IPO Goes Ahead Monday, 19 Mordad on Iran Fara Bourse; 2,582 Rial Valuation for a Sponge Iron Producer With Over 17 Trillion Toman in Assets

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

Samga Earned 1,002 Rials Per Share and Paid Out 300; A 10.2 Percent Cash Yield Against a 34 Percent Earnings Yield (Wednesday, 5 August 2026)

Iran's Securities Regulator Enacts a Single Directive on Capital Increases From Asset Revaluation; the Article 141 Threshold Remains 50 Percent of Registered Capital (Wednesday, 5 August 2026)

Operating Cash Flow to Net Profit: Why Only 23 of Every 100 Units of Shatran's FY1404 Profit Turned Into Cash (Wednesday, 5 August 2026)

The Multi-Industry Group's P/E Sits at 7.61, While Three of Its Largest Members Trade Between 5.08 and 12.42 (Wednesday, 5 August 2026)

Trailing P/E Under 87.9 Percent Inflation: Isfahan Oil Refining's 6.0 Is Closer to 11.3 in Today's Money (Tuesday, 4 August 2026)

The Hormuz Deal Is at the Door; the Market Paid 4.4 Percent Just for the News That Talks Had Started, and Signing Is a Far Bigger Event (Tuesday, 4 August 2026)

Three Block Offerings in One Week: 6.97, 16.34 and 65.05 Percent, and a Parcel Priced 150 Percent Above the Board (Tuesday, 4 August 2026)

62 Market-Making Fund Assemblies in 22 Days: What an Iranian Market Maker Guarantees, and What It Never Did (Tuesday, 4 August 2026)

One Day, Three Indices, Three Numbers: Tehran's Bourse Rose 2.27, 2.39 and 2.50 Percent at the Same Time on Monday, 3 August 2026

Bank Mellat Traded All Session at a Single Price of 1,199 Rials as 1.14 Billion Shares Sat Unfilled in the Buy Queue (Monday, 3 August 2026)

Buyer Power Gave Two Opposite Answers in One Session: 1.6 for Iran Khodro and 0.78 for Khiman, and Both Stocks Closed Green (Monday, 3 August 2026)

Khimen closed both green and red on Monday: the 40 rial gap between closing price and last trade, and which one the index counted

TEDPIX Fell 0.4% While the Equal-Weight Index Set a Record Close; a Fourth Straight Session of Small-Cap Outperformance (Saturday, 1 August 2026)

Why We Sell at the Bottom and Buy at the Top: Five Cognitive Errors Tehran's 1399 Bull Market Taught by the Book (Friday, 31 July 2026)

A Low P/E Does Not Always Mean Cheap: Four Traps the Ratio Hides on the Tehran Exchange

How to Read a Financial Statement in 5 Minutes: A Practical Guide to Codal Reports

Iran's knowledge-based exports grew ninefold in four years to $2,690 million, but 84 percent of it comes from just 36 companies (Wednesday, 29 July 2026)

20 Years, 6 Markets: Tehran's Main Index Rose About 382 Times While Money Supply Rose 119; Deposits and the Dollar Fell Behind (Wednesday, 29 July 2026)

The Lowest Risk Starting Point for a Beginner Investor in Iran: Why a 40 Percent "Risk Free" Return Is Still a Loss Against 88.6 Percent Inflation (Saturday, 25 July 2026)

Tasico Under the Lens: Subsidiary Profit Jumped From About 1.2 to Nearly 4 Trillion Tomans, and the Pars Tamin Gold Line Opened (Saturday, 25 July 2026)

Fixed Income and T-Bills (Akhza): Why a Bond's Price Falls When Rates Rise

Starting From Zero on the Tehran Stock Exchange: Five First Moves for a New Investor

Vomahan Cut Its Price for 5% of Taban Farda by 35%: Where the Real Value of Iran's Biggest Pending IPO Sits (Thursday, July 23, 2026)

Justice Shares and the Summer That Was Promised: Where the File Really Stands, and What Liberalization Would Mean for the Tehran Bourse (Thursday, 23 July 2026)

Kourosh Food Industry Under the Microscope: The Stock 6.4x'd in a Year, Yet Its P/E Stayed in Line With the Sector (July 2026)

Earnings Per Share (EPS) and Price-to-Earnings (P/E): What They Are and How to Read Them

TEDPIX vs the Equal-Weight Index: What Sets Them Apart and Why They Diverge

That Year the Price Was at Its Peak, Today It Is the Risk: The Lesson of 1399 for Stocks and Housing in 1405

The Market Was Red for Eight Days; These Five Stocks Rose Against the Tide: Anatomy of "Resilience" on the Tehran Exchange (Week Ending Saturday, 18 July 2026)

A reader asked us: the bourse has been red for eight days. Buy gold and dollars, or hunt for war-resistant stocks?

Behsaz Kashaneh Tehran (Sabhesaz) Under the Lens: A 74% Gross Margin and 1,877 Billion Toman Profit; How Much Is Value Creation, and How Much Is Cashing In Inflation? (Sunday, 19 July 2026)

Vomodir Under the Lens: A 17,346 Billion Rial Net Profit and a Price to Earnings of 3.2; Why the Market Prices the Pension Fund Holding at a Discount (Saturday, 18 July 2026)

Ghachar Under the Lens: Chaharmahal Sugar's Sales Rose 50% and Profit 43% in FY1404; But Through the Inflation Lens, Real Growth Is Near Zero (Saturday, 18 July 2026)

Dabid Under the Microscope: Dr Abidi Pharmaceutical's Six-Month Profit Jumped 3.3x; Dissecting a Surge That Didn't Come From Sales Alone (Saturday, 18 July 2026)

Vomelal Under the Lens: A 14.3-Trillion-Toman Net Loss and Negative 59% Capital Adequacy; Why Conventional Valuation Tools Fail for Mellal Credit Institution (Saturday, July 18, 2026)

Kapshir Under the Lens: Pashm-Shishe Iran's Net Profit Leapt 95%, but Real Sales Have Been Shrinking for Three Years (Friday, 17 July 2026)

What Is an Investment Fund? Fixed-Income, Equity, Balanced, Gold Funds and ETFs Explained

Vomahan Under the Lens: Why Mehr Ayandegan Financial Group Should Be Judged by Price to Net Asset Value, Not Profit Margin (Tuesday, 14 July 2026)

Separdis Under the Lens: Why Maskan Pardis Investment Trades at a Discount to the Current Value of Its Assets, A Detailed Fundamental Analysis

Kafpars Under the Lens: A 1,519% Revaluation-Based Capital Increase and the Fundamental Root of a Decade of Shareholder Frustration at Pars Refractories (July 13, 2026)

Shatran Under the Lens: Is Tehran Oil Refining's 335% Gross-Profit Jump Real or Paper? A Fundamental and Forensic Analysis

BAMA Under the Lens: Bama Mining's Net Profit Roughly Quadrupled in a Year, But Why the Quality of That Jump Matters More Than the Number (Tuesday, July 14, 2026)

The Factories Are Back, the Symbols Are Not: 42 War-Damaged Tickers Worth About 35% of the Tehran Bourse Stayed Frozen Through 22 Tir (Monday, July 13, 2026)

Karbon Trades at a 5.1 P/E Against Its Sector's 21.8; Why the Chart's 56% Drop Is Partly a Price-Adjustment Illusion (Monday, July 13, 2026)

TAPICO Closes Persian Gulf Star Refinery's 15-Year FX-Debt File; Its 49% Stake One Step From an IPO (Sunday, July 12, 2026)

Tehran Stock Exchange Opens Down About 2.5% on Sunday, July 12, 2026: The Psychology of the Sell-Off and Systematic vs Fundamental Risk

Kermanshah Petrochemical (Karmasha) Is About to Reopen After Its AGM: a 97% Capital Increase, a 1,227-Rial Dividend, and the Global Urea Shock in the Background (Saturday, July 11, 2026)

Bank Novin Sets Dividend Payment Schedule: SEJAM Holders Paid From August 19, Last Group Waits Until October 21, 2026

Isfahan Refinery's Replacement Value Is Up to 5x Shapna's Market Cap; How Much of That Gap Does the Market Price In? (Thursday, July 9, 2026)

Bank Mellat Announces Four-Stage Dividend Payment Schedule; SEJAM-Registered Shareholders Paid Last, From August 1 (Thursday, July 9, 2026)

Competition Council Calls Iran's 15% Car Price Hike Insufficient; Tehran Bourse's Automaker Stocks Caught Between Codal Rally and War Selloff (Thursday, July 9, 2026)

TCI's EPS Fell to 4 Rials; The 1,555% Capital Increase Behind Iran Telecom's Numbers (Thursday, July 9, 2026)

Bank Tejarat Raises Capital 340 Percent: What the H1 1404 Earnings Report Shows (Wednesday, July 8, 2026)

Bank Mellat's EPS: 656 Rials or 335? The Reason Behind the Conflicting Six-Month Reports (Wednesday, July 8, 2026)

Bank Mellat's Capital Grew From 35 to 338 Trillion Tomans; Why Vabmellat's EPS Shouldn't Be Compared to Old Figures (Wednesday, July 8, 2026)

Shepna and Shabandar Rally as Brent Tops $76; How the $19 Summer Crack Spread Feeds Refiner Profits (Wednesday, July 8, 2026)

Iran's Largest Ever IPO Is Coming: Taban Farda Petrochemical Valuation Finalized (Tuesday, July 7, 2026)

What Is Shapna's Forward P/E? Estimating It From Isfahan Oil Refining's 1,152 Rial EPS (Tuesday, July 7, 2026)

What Is Bank Mellat's Forward P/E? An Estimate Based on Its 6-Month EPS of 335 Rials (Tuesday, July 7, 2026)

How Tehran Stock Exchange Analysts Screen for Undervalued, Overlooked Stocks: Five Current Examples With Official Evidence (Monday, July 6, 2026)

Tehran Stock Exchange Reopens Tomorrow; Gold and Coin Hit Records During Closure, Dollar Holds Near 175,600 Tomans (Monday, July 6, 2026)

Fmelli Under the Microscope: National Iranian Copper Industries' Net Profit Hit 149.6 Trillion Tomans in FY1404 (Fundamental Analysis, Sunday, July 5, 2026)