IRENEX Trade Jumps 57%

Trade at the Iran Energy Exchange jumped in the ninth month of current fiscal year to December 22 compared to the same period last year.
Energy carriers and commodities worth 111.35 trillion rials ($274.2 million) were traded in the month, up 57% from the corresponding period last year.
IRENEX is a multi-commodity exchange where physical energy carriers (oil and gas), electricity and commodity-based securities are traded.
As per IRENEX data, spot market trade was bear 454,922 tons in the month worth 75.52 trillion rials ($186.1m). Beside the spot market, some 946,094 standard salaf contracts worth 34.36 trillion rials ($84.6 million) were logged in the derivative market.