Out of Tehran Stock Exchange’s 326 listed companies, the three largest in terms of market capitalization are Persian Gulf Petrochemical Industries Company, Mobarakeh Steel Company and Pars Petrochemical Company with a combined floated value of 778 trillion rials ($17.68 billion). Established in 2015, PGPIC has a market cap of 313.8 trillion rials ($7.1 billion) and is the second largest petrochemical holding in the Middle East, TSE’s official website reported. The figure for Mobarakeh Steel Company is at 284.2 trillion rials ($6.46 billion). The company is, in fact, the largest flat steel and direct-reduced iron producer of Iran and Middle East.
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