Iran Mercantile Exchange’s weekly trade volume ups 65 percent

TEHRAN (FNA)- Over 338,000 tons of various commodities with the total value of $350mln were traded in the domestic and export halls of Iran Mercantile Exchange (IME) in the past working week (Sep. 27-Oct. 2) showing 65 percent growth in terms of volume and 40 percent growth in terms of value.

The IME announced that over 314,000 tons of industrial and mineral commodities valuing $165mln were traded in its domestic and export halls in the past week.

Meantime, over 244,000 tons of various kinds of oil and petrochemical products with the value of $185mln were traded in the IME during last working week.

The IME was established on September 20, 2007 in accordance with article 95 of the new law of the Securities Market of the Islamic Republic of Iran and following the merger of the agricultural and metal exchanges of Tehran. The merger marked a new chapter in Iran capital market providing endless trading opportunities for the clients in and out of the country.

Various sectors of economy and national industry benefit from the exchange operation. The IME currently offers various services, including:

Performing as the first market providing access to the initial offering of the listed commodities in the IME,

Price discovery and price making for Iran’s Over the Counter (OTC), secondary markets and the end users,

Providing venue for government sales and procurement purchases,

Providing Trading platform and user interface,

Providing Clearing & Settlement services,

Risk management,

Technology services,

Training and education of the market participants.

By Fars News Agency

 

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