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 Pars Petrochemical Company with a combined floated value of 778 trillion rials ($17.68 billion).
Established in 2015, PGPIC has a market cap of 313.8 trillion rials ($7.1 billion) and is the second largest petrochemical holding in the Middle East, TSE’s official website reported. The figure for Mobarakeh Steel Company is at 284.2 trillion rials ($6.46 billion). The company is, in fact, the largest flat steel and direct-reduced iron producer of Iran and Middle East. As for Pars Petrochemical Company, its market capitalization is at 180 trillion rials ($4 billion). Established in 1998, PPC is located in Bushehr Province’s Pars Special Economic Energy Zone. According to its website, it started operation the following year with a focus on utilizing the sizable reserves of South Pars Gas Field. South Pars is the world’s largest gas field shared between Iran and Qatar and covers an area of 3,700 square kilometers of Iran’s territorial waters in the Persian Gulf. TSE’s total market capitalization stood at 4.3 quadrillion rials ($98.9 billion) as of Sunday, according to Financial Tribune.