Iran market updates: Arefarin portfolio grows and Mercantile Exchange trades surge

Arefarin Investment Company (Vaaf) reported that its stock portfolio value reached 135 billion tomans by the end of September. This represents a 7.1 percent increase from the 126 billion tomans recorded at the start of the month. During this period, the company conducted 5 billion tomans in purchases and 6 billion tomans in sales, realizing a realized profit of approximately 1 billion tomans. A significant portion of the portfolio, over 55 percent, is concentrated in Azerbaijan Development Investment Company (Vaazar), valued at 75 billion tomans.

In the physical market of the Iran Mercantile Exchange, transactions for the week ending September 25 reached 3.314 million tons of various goods, valued at over 141.5 trillion tomans. National Iranian Copper Industries Company led the top ten companies by sales value, generating 26.808 trillion tomans from the sale of copper, sulfur, and molybdenum oxide. Mobarakeh Steel Company ranked second with 15.276 trillion tomans in sales, followed by Bandar Abbas Oil Refining at 4.580 trillion tomans.