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.