The Tehran Index
A rules-based benchmark of Iran's digital economy, the first index to track it in English, built on a verified, source-linked registry of the companies that define the market.
Performance history accrues from inception, no back-fabrication. As verified activity across the constituent universe is recorded, the index plots forward. Methodology →
What it measures
The Tehran Index tracks the breadth and activity of Iran's private technology economy through its constituent companies. Because those companies are private, there is no public share price for a Digikala or a Snapp, the Tehran Index is not a price-return index. It is a rules-based composite of a defined, verified universe: the index is the mapped ecosystem, and its readings track the verified activity within it.
Constituents
The universe is every company in the Tehran Index public registry, currently 370 companies across 23 sectors. A company enters the universe only when its core record is verified against a public source. Unverified or internal-only records are excluded until they clear that bar.
Weighting
Constituents are grouped and weighted by sector, so the index reflects the real shape of the ecosystem rather than a handful of household names. Fintech carries the largest weight today; the full distribution is shown in the panel above and recomputes as the registry grows.
Base and inception
- Base The index is set to 100 at inception.
- Inception Jul 2026. This is the index's first observation.
- Currency Reported as an index level, not a monetary value.
How it moves
Performance history accrues from inception forward. We do not back-fabricate a track record from before the index existed, a benchmark that invents its own past is a benchmark no one should trust. As verified activity across the constituent universe is recorded, the index level moves from its base, and a genuine performance series builds from day one.
Governance
The constituent universe and its weights are reviewed on a fixed cadence. Every constituent, and every figure that feeds the index, carries a public source and a review date. Where a fact cannot be verified, it is left out, never estimated in. The methodology on this page is the standard, and it is public.