Tehran’s stock exchange opened with a sharp crash on the first day of trading following the 12-day war between Israel and Iran’s regime. More than 99% of listed stocks fell, triggering an unprecedented sell-off of 350 trillion rials (approximately $407 million).
By the end of trading on Saturday, June 28, the sell-off — or capital flight — in Iran’s stock market had exceeded 350 trillion rials (around $407 million).
The main index of the Tehran Stock Exchange dropped by 62,503 points — a 2.1% decline — closing at 2,922,101.
The equal-weight index also fell by 15,522 points, settling at 908,163.
Tehran’s stock market, long sensitive to political and security developments, appears to have entered a deeper phase of distrust and anxiety.
Iran’s stock market has repeatedly dropped in response to the regime’s foreign policy adventurism.
In past incidents such as the so-called “True Promise” military operations and the death of Ebrahim Raisi, the stock exchange organization reduced the daily trading limits to prevent major crashes.
In Iran’s stock market, the daily price limit restricts how much a stock can rise or fall in a single day. The standard limit is 5%.
99% of Market in the Red
The stock market reopened Saturday after a 9-day closure due to the war, and within the first 90 minutes, signs of severe crisis emerged as more than 99% of stocks traded in negative territory.
The main index fell nearly 1%, dropping to 2,957,000.
The equal-weight index dropped by 3,800 points and was on the verge of falling below the 920,000 mark.
During the first 90 minutes, total trades exceeded 20 trillion rials (about $23.25 million), with real investor outflows accounting for roughly 12 trillion rials (around $14 million).
The state-run newspaper EghtesadNews described the current state of the stock market as a “full-blown crisis” and wrote that Tehran’s exchange had endured one of its bitterest trading days.
The state-run daily EghtesadOnline also noted that the end of military clashes did not restore calm but instead deepened uncertainties, as market participants remained skeptical about the ceasefire and anticipated renewed conflict in their analysis.
The massive sell queues, absence of buyers, widespread cash outflows, and the overall red market are all signs that analysts describe as “the beginning of a psychological and structural crisis.”
Amid these developments, the Stock Exchange Organization’s market oversight director announced the activation of the Market Stabilization Fund, stating it has begun support purchases using available resources and that the process will continue.
He added that the activities of market makers and institutional investors are being closely monitored, though no structural changes are currently planned for the market.
