The exchange said that its trading halls transacted 308,953 tons of oil and petrochemical products, including 162,986 tons of bitumen, 40,349 tons of polymer products, 10,000 tons of lube cut, 21,268 tons of chemical products, 1,090 tons of insulation and 7,100 tons of sulfur valued at $123 million in the last working week, Fars News Agency reported.

Its metals and minerals hall dealt in 87,193 tons of metal and mineral products, including 71,930 tons of steel products, 4,560 tons of copper, 140 tons of molybdenum sulfur, 10,560 tons of aluminum and 3 tons of concentrates worth more than $77 million in the previous week.

In addition, the IME agricultural trading hall sold 1,650 tons of sugar, 3,100 tons of maize, 150 tons of oilseeds, 500 tons of crude vegetable oil and 600 tons of rice during the last week.

The IME was set up on September 20, 2007 in accordance with Article 95 of the new law of Securities Market of the Islamic Republic of Iran 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 customers both at home and abroad.

Various sectors of economy and national industry benefit from the exchange. 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 end users,

Providing venue for government sales and procurement purchases,

Providing trading platform and user interface,

Providing clearing and settlement services,

Risk management,

Technology services,

Training market participants.