NDFI Says Investing in Stocks 

The National Development Fund of Iran bought 20 trillion rials ($49.8 million) in shares since the beginning of the current fiscal year last March, head of NDFI Domestic Investment Affairs said. 
“The NDFI ventured into the commodity market last year and bought shares of 10 companies,” Mohammad Javad Danesh was quoted by the Securities and Exchange News agency (SENA) as saying. He did not name the companies.
The sovereign fund is looking to expand its scope and invest $80 billion in upstream energy industries over the next decade, Danesh said.