Iran's Tehran Stock Exchange reopened on Tuesday after remaining shut for nearly 80 days during the conflict, but the first day of trading reflected a market still grappling with the economic fallout of war.
While Iran's benchmark TEDPIX index rose 2,500 points to close at 3,716,000, only 28% of listed stocks ended in positive territory, Roya News reported. Nearly 72% of shares either declined or remained flat during the session, highlighting broad-based weakness beneath the headline gains.
More than 40 company tickers also remained suspended from trading due to war-related disruptions, including physical damage, supply chain bottlenecks and revenue losses. These firms are yet to submit the disclosures required for trading to resume, the report said.
Iranian President Masoud Pezeshkian said the government was “working to overcome the economic fallout from the war,” according to Roya News.
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The Tehran Stock Exchange had suspended trading on February 28, 2026, shortly after joint US-Israeli missile strikes targeted Tehran and other parts of Iran, according to Xinhua. Hamid Yari, deputy head of Iran's Securities and Exchange Organization, had then said the closure was aimed at “safeguarding investors' assets, curb emotional decision-making, and foster a trading environment with more accurate and transparent information.”
The exchange had already been under pressure before the shutdown. According to Al Jazeera, TEDPIX had touched a record high of nearly 4.5 million points earlier this year before sliding sharply amid nationwide protests, internet restrictions and escalating geopolitical tensions. By the time trading was halted in February, the index had already dropped to around 3.7 million points.
Data cited by regional media showed that between January 8 and February 21, retail investors withdrew nearly 107.8 trillion rials, roughly $66.5 million, from the market over just 24 trading sessions.
Tuesday's closing level was only marginally above the pre-closure mark, but analysts cited by Al Jazeera cautioned that gains in Iran's stock market often reflect inflation and currency depreciation rather than genuine investment growth. The report noted that previous rallies in TEDPIX were “mostly a byproduct of rising inflation and asset repricing based on the rising value of the US dollar in the local market, not a sign of significant investment growth.”
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Despite the weak breadth, the reopening was comparatively more stable than the market's reaction after the June 2025 conflict with Israel. According to Iran Focus, over 99% of listed stocks had fallen within the first 90 minutes when trading resumed after that 12-day war, triggering sell-offs worth nearly 350 trillion rials, or about $407 million. The benchmark index had dropped almost 1% during that reopening session.
To facilitate war-related disclosures from listed firms, the Tehran Stock Exchange also extended trading hours by one hour on Tuesday and Wednesday, according to Al Jazeera.
Industrial sectors such as petrochemicals, mining and steel were among those most impacted during the conflict, Sunday Guardian Live reported. Analysts say the continued suspension of more than 40 companies offers a clearer picture of the direct financial damage inflicted on Iran's corporate sector during the war.
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