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.
Iran’s four bourses include the Tehran Stock Exchange, Iran Fara Bourse (junior equity market), Iran Mercantile Exchange and Iran Energy Exchange.
The TSE was the top performer with market value of 72,751 trillion rials ($145 billion), up 33% year-on-year.
IFB was second at 18,080 trillion rials ($36b) during the month posting 33% annual growth.
Data about the market value of industries by the end of the last year shows that chemical companies accounted for nearly 24% of the total with their capitalization at 21,964 trillion rials ($43.9 billion).
Basic metals were next with 17.3% followed by ore mineral extraction group (9%), industrial holding companies (7.7%), petroleum products (7.1%), investment companies (5.6%), banks and credit institutions (5%), auto and parts (3.8%), pharmaceuticals (2.36%) and insurance and pension funds (2.18%).
The top ten largest industries accounted for 84.26% of the market valuer.
Pharmaceuticals recorded the largest increase compared with the other majors at 71% y/y. Auto and parts group ranked second as their market value jumped 63% on the same period last year followed by petroleum products and holding companies.
Combined Trade
Trade conducted by the four bourses reached 14,059 trillion rials ($27.5b) in the last fiscal year, showing 48% growth in the last month of the year and up 118.6% on the same period last year.
Of the 39 industrial groups in the capital market, 37 reported profit to March 21. Chemical products topped the list with 1,437 trillion rials ($19.9 million) in sales, the SEO said.
Output
In another update, the Monetary and Banking Research Institute (MBRI) said manufacturing companies had reported better numbers.
It focused on the monthly performance of 280 companies in the TSE and Iran Fara Bourse. The overall industrial production index (IPI) in the seventh calendar month to Oct 22 was up 7.7% on the corresponding month last year, it said.
Juxtaposing monthly data shows that the decline seen up until last April reversed in the month to June 21. A glance at sectoral indices shows the IPI jumped in auto, meta and textile sectors while food production and chemical industries declined.
Annual IPI for the auto and auto part industries grew 24.4% y/y in the month to Oct. 22 up 22.4% on the previous month.
Likewise, metal products grew 23.9% in the month compared to the same time last year. In the previous month the sector grew 5.1%. The textile industries index registered 21.4% growth up from 13.9% a month earlier.
Machinery and equipment index improved by 16.4% -- up from 15% a month before. Basic metals IPI index saw a 10.8% annual increase climbing 9.3% on the previous month.
Electronic industries shot up 8.5% from the corresponding period last year. It had declined 1.1% in the month before.
Non-metallic minerals, oil derivatives, tire and plastic, and pharmaceuticals also showed increase in production in the month to Oct 22.
However, food industry output declined by a massive 9.7% in the month after falling 5.8% in the preceding month. Chemical industry output fell 1.7% in the month.
Inventories Down
The MBRI reported decline in the inventory of industries in the calendar month to Oct 22 implying that demand for goods had increased.
Overall inventory index shrunk 3.7% to the month and was down 2.7% in the three months ending Oct 22. It was down 1.5% on an annualized basis.
The report took stock of profitability of the listed industries. Not all listed companies were homogenous. As expected, the auto and auto part companies were laggards topping the worst performers.
