EghtesadOnline: Out of Tehran Stock Exchange’s 326 listed companies, the three largest in terms of market capitalization are Persian Gulf Petrochemical Industries Company, Mobarakeh Steel Company and National Iranian Copper Industries Company with a combined floated value of 621.16 trillion rials ($14.78 billion).
Established in 2015, PGPIC has a market cap of 251.5 trillion rials ($5.98 billion) as the second largest petrochemical holding in the Middle East.
Mobarakeh Steel Company accounts for 218.4 trillion rials ($5.2 billion) of the aggregate figure. It is currently Iran and Middle East’s largest flat steel and direct-reduced iron producer.
As for NICICO, its market capitalization is at 151.2 trillion rials ($3.6 billion). The holding operates the world’s second largest and the Middle East’s largest open-pit copper mine, Sarcheshmeh, and the company’s total reserves make up 14% of Asia and 3% of global copper deposits, according to Financial Tribune.
TSE’s total market capitalization stood at 3.72 quadrillion rials ($88.5 billion) on Wednesday.