The stock exchange is a segment of the country's financial system, which can have a unique role in the country's development and economic growth. On the other hand, monetary policies and other variables can affect this market. Therefore, the effect of money shocks and their asymmetrical impact on the Tehran Stock Exchange price index is examined in this study. The monthly data gathered between March 2011 till May 2020 has been used in this examination. Money shocks were extracted using the (Hodrick-Prescott) method and then examined using the ARDL method. The study showed that negative money shocks impact the Tehran Stock Exchange price index more than positive money shocks. It is proven that positive and negative money shocks have an asymmetrical effect on the Tehran Stock Exchange and the consumer price index has a positive effect on the Tehran Stock Exchange, while housing prices have a negative impact on the Tehran Stock Exchange.
