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EghtesadOnline: Holdings account for close to 25% of the value of Iran’s capital market, according to Deputy Minister of Industries, Mining and Trade Mohammad Reza Fayyaz.

The figure rises to 30% if the holdings’ subsidiary companies are also included, IRNA reported. According to chief executive of Securities and Exchange Organization, Shapour Mohammadi, Iranian capital market’s value currently stands at more than $165 billion.

The figure grew by more than 160% since Hassan Rouhani took office as president in August 2013, according to ILNA.

Iran capital market Mohammad Reza Fayyaz Iran holdings