Tehran Bourse's Biggest-Ever IPO Opens Today; Iran Market Pulse, Monday, 9 Shahrivar 1405: The Dollar Gained 6,110 Tomans in a Week, TEDPIX Set a New Record

Today, on Market Pulse, we look at why the first week of Shahrivar was not calm for the free dollar. The free dollar gained six thousand one hundred and ten tomans in just one week. A week ago the dollar was near two hundred thousand tomans; by Saturday it reached two hundred six thousand. The card dollar trails the free rate by eight thousand tomans; the negotiated rate trails by forty seven thousand. Today Taban Petrochemical goes public, the biggest initial offering in Tehran Stock Exchange history. Tehran's main index jumped two percent to a fresh record, and the Farabourse index rose too. Foolad, Shepna, Vatejarat, Vabmelat and Fameli all closed Saturday with buy queues and one year records. Individual investors were net buyers of about four billion shares on the bourse board Saturday. Alongside that, a handful of other stories moved the market today. Global gold slipped almost one percent overnight; Tehran's domestic price has not updated yet. Stocks, the dollar, gold and the car market all had something to say today. Today's verdict: the week the index set a record, the free dollar gained six thousand one hundred and ten tomans. So the answer: this week was calm for neither the dollar nor the bourse. Buying dollars today, or waiting?