Tehran's equity index surged 76% — then real returns came in at -8%. Iran's capital markets are nominal on the surface, distorted underneath. Our Q1 2026 report models Sukuk yields at a 69% discount rate, maps a four-tier FX regime, and delivers the quantitative framework institutional investors need to assess frontier market exposure with precision. Read the full report here.
Iran Capital Markets Report | Q1 2026
March 19, 2026