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 149 companies across 18 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.