Capital Market Value Rises 33%

EghtesadOnline: Chemical product companies accounted for 24% of the market value with capitalization at 21,964 trillion rials ($43.9 billion)

News ID: ۷۵۲۳۹۲

11 April 2023

Chemical product companies accounted for 24% of the market value with capitalization at 21,964 trillion rials ($43.9 billion).
The total value of Iran's capital market reached 90,833 trillion rials ($181.6 billion) by the end of the last fiscal year on March 20, 2023.

It was 71,863 trillion rials ($143 billion) a month earlier, indicating that the cap grew 26% in one month, the Securities and Exchange Organization (SEO) reported.

Compared to the same month in the previous year, the cap shows a whopping 33.1% growth, the SEO said.

Market cap is the market value of a publicly traded company's outstanding shares. It is calculated by multiplying the number of shares outstanding by the current market price of one share.