TEHRAN – Over 1,918 million tons of raw materials worth 200 trillion rials (approximately $ 4.761 billion) were traded on the Iran Mercantile Exchange (IME) in the eighth month of the Iranian calendar of Aban (22 October-21 November ).
Over the past month, the EMI’s metals and minerals trading floor has seen trades of 703,529 tons of commodities worth 89,345 trillion rials (approximately $ 2.127 billion).
More than 1,212 million tons of raw materials worth 110,675 trillion rials (approximately $ 2,635 billion) were traded on the EMI’s oil and petrochemical trading floor during the previous month.
In addition, 1,736 tonnes of raw materials were traded on the EMI’s secondary market.
IME is one of the four major equity markets of Iran, the other three markets are Tehran Stock Exchange (TSE), Iranian over-the-counter (OTC) market also known as Iran Fara Bourse (IFB) and Iran Energy Exchange (IRENEX ).
At the end of April, IME CEO Hamed Soltani-Nejad unveiled the new market outlook plan, which describes IME’s development roadmap up to the Iranian calendar year 1404 (March 20205-March 2026). The realization of this year’s Iranian slogan, which is “Surge in Production”, is seriously considered in the aforementioned plan and is, in fact, the strategic approach of the prospective plan.