In the six months and 10 days before Rohani's election, the TEPIX rose 41 percent, which may look small compared to the latest rise but was extremely impressive by any economic measure.
In the six months and 10 days before that, however, the TEPIX rose a mere 6 percent, far behind inflation.
After the fall began, the TEPIX spent seven weeks in the 12,000s, seven weeks in the 11,000s, three weeks in the 10,000s, four weeks in the 9,000s and is now in the 8,000s.
News coverage in Tehran generally looked back one year--before the rally of the first half of 2008--and said the TEPIX had only lost 8 percent of its value, nothing like the crash in most markets.
But, again, the indexes do not take account of inflation and Iran suffers one of the highest inflation rates in the world, which means when the TEPIX rises it doesn't rise as much in value as the index percentage shows and when it falls it falls even more in value than the index shows.
The TEPIX has been declining like most other stock exchange indexes in recent weeks, but nowhere near the scale of the decline shown by many.
The most recent peak for the TEPIX was 12,850 in midJuly.
The TEPIX, however, has never fully recovered since plummeting from its all-time high of 13,836 in December 2004.
The TSE's TEPIX index stood at 12,132 on August 31.
After soaring dramatically for several years, the TEPIX peaked at 13,836 in December 2004.
Since Now Ruz, the TEPIX has bounced around between 10,000 and 13,000.
In mid-May, the Tehran Stock Exchange's TEPIX
index passed 10,400, a mark it had not seen in almost three years, since September 2005.