Market Returns in Mehr 1405: Stocks, Dollar, Coin, Gold, Housing

Fundai Market Team · October 23, 2026 · 6 min read

In Mehr 1405 the equal-weighted index of the exchange edged ahead of the free-market dollar, while the TEDPIX stayed lower. Top industries and symbols returned several times the main markets.

This report puts the returns of the stock market, the dollar, coins, gold, fixed income and housing side by side for Mehr 1405. The TEDPIX (the all-share index) rose 14.04% this month, but the equal-weighted index of the exchange stood ahead at 15.79%, and the free-market dollar came right behind it at 15.52%. Among toman-denominated assets that trade daily, the median fixed-income fund returned the least, at 2.71%.

Market returns in Mehr 1405: stocks, the dollar, coins and gold side by side

The gap between the returns of the TEDPIX, the equal-weighted index and the free-market dollar in Mehr 1405 did not exceed 1.75 percentage points.

The stock market's return in Mehr 1405 depended on which index you chose. The equal-weighted index gives every company the same weight, while the TEDPIX gives larger companies more. In Mehr, the equal-weighted index was ahead. The free-market dollar, at 15.52%, was 1.48 percentage points ahead of the TEDPIX at 14.04% and 0.27 percentage points behind the equal-weighted index at 15.79%.

Putting gold and the dollar returns for Mehr 1405 side by side, both the coin and 18-karat gold lagged the dollar. The Emami coin, at 14.29%, was 1.27 percentage points ahead of 18-karat gold at 13.02%. The global gold ounce is priced in dollars and is not ranked against toman assets; its dollar return was negative 5.04%. The average price per square metre of housing in Tehran, an approximate monthly figure, went from 219,999,991 to 220,000,000 tomans and effectively did not change (0.0%).

Compared with Shahrivar, the TEDPIX return came down from 18.24%, and the equal-weighted index rose from 11.91%. The free-market dollar fell from 21.02%. The Emami coin rose from 13.62%, but 18-karat gold stayed below its 13.80%. The median of fixed-income funds fell from 2.87%, and the dollar loss of the global gold ounce was smaller than Shahrivar's negative 5.38%.

Which listed industries had the highest returns in Mehr 1405?

The top five industries of Mehr 1405, not the whole market, each returned at least 36.93%.

Oil and gas extraction and ancillary services excluding exploration led at 48.64%, and the fifth industry, industrial contractors, at 36.93%, returned 11.71 percentage points less. The leader returned more than three times the TEDPIX, and even the fifth industry returned more than twice the equal-weighted index of the exchange.

Other non-metallic mineral products came second at 46.00%. In the next places, publishing, printing and reproduction at 40.71% and cement, lime and plaster at 39.97% were only 0.74 percentage points apart.

The list is not made up of one group: oil, non-metallic minerals, printing, cement and industrial contracting each have a place on it. The return of none of them was close to the returns of the exchange indices. The month's top five earned returns far higher than those of the main markets in the same month.

Which symbols had the highest returns in Mehr 1405?

The top five symbols of Mehr 1405, not the whole market, all returned more than 72%.

GHEZANJAN, at 79.43%, stayed 1.90 percentage points ahead of DTOLID at 77.53%. CHKHAZAR at 76.83% and KEKHAK at 74.24% came behind them.

Between the first symbol and the fifth, DARVAND, there was a gap of 7.17 percentage points: 79.43% against 72.26%. With this gap, the top five symbols sat closer together than the top five industries.

GHEZANJAN's return was more than five times the equal-weighted index of the exchange, and even DARVAND's return was more than four times it. The top symbols also went ahead of the top industries: the lowest symbol on the list returned more than the highest industry on the list. The first four symbols all passed 74%, and only DARVAND stayed slightly lower.

How are the figures in this report calculated?

In this report, each market's return runs from the last value on 1405/06/31 to the last value on 1405/07/30, and the table gives both values of each market in its own unit. The previous-month column is that market's return in Shahrivar. Indices are in points, the dollar, coins, 18-karat gold and housing are in tomans, and the global gold ounce is in dollars.

The stock market indices come from the Tehran Securities Exchange Technology Management Co. website (TSETMC). The dollar, coins, 18-karat gold and the ounce are daily free-market prices, and Tehran housing comes from published monthly figures. Fixed-income funds are the median return of the funds, not a single fund. The Mehr inflation figure from the Statistical Centre of Iran had not been published when this report was prepared and is not in the table.

Industry returns come from Fundai's industry index, that is, the price change of each industry's companies weighted by their market value. Symbol returns come from closing prices on the exchange and are adjusted for capital increases and cash dividends. Funds, symbols on the red base market, and symbols that were not traded for more than thirty days at the start or end of the month are not in the symbol list.

This report sets the returns of two months, Mehr and Shahrivar, side by side. The data does not say why the markets moved, and a multi-month trend cannot be built from it.

Summary of market returns in Mehr 1405

The order of the markets reversed compared with Shahrivar. In Shahrivar the dollar led at 21.02%, then the TEDPIX at 18.24% and the equal-weighted index at 11.91%. In Mehr the equal-weighted index came out on top, with the dollar and the TEDPIX behind it. The gold market did not move in one direction either: the Emami coin sped up and 18-karat gold slowed down.

The gaps were not the same size either. The main markets stayed close to one another in Mehr, but each of the top five industries returned more than twice the TEDPIX, and each of the top five symbols more than five times it. For a saver, the difference between choosing a market and choosing a group or a single stock was larger this month than the difference between the markets themselves.

#Market Returns #Gold and Coins