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Code: 42639 Visited: 917 Publish Date: Sep 04 2017 - 12:50
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Capital Market
Monthly Reports can Provide Good Opportunities for Market Investors
Tehran, Sep. 04 (SENA) - A financial official has welcomed a new policy that would urge companies to issue monthly financial reports, saying that the reports can provide good opportunities for the investors of in the Iranian stock market.

Tehran, Sep. 04 (SENA) - A financial official has welcomed a new policy that would urge companies to issue monthly financial reports, saying that the reports can provide good opportunities for the investors of in the Iranian stock market.

 

Companies listed on the Tehran Stock Exchange and the Iran Fara Bourse had been given a September 2 deadline to issue their monthly reports.

 

So far, about 229 companies have issued the reports pertaining to the fifth month of the Iranian year, Saeed Mohammad Alizadeh, who is in charge of supervising the issuers’ performance at the Securities and Exchange Organization, said in an interview.

 

Some 377 companies had issued their reports pertaining to the fourth month of the year, he added.  

 

The monthly reports are believed to help increase transparency in the market as they unveil details of the monthly performance of the listed companies.

 

“Investors need the unveiled information and data to make better decisions,” Alizadeh said.

 

The regulator has obliged companies to make their monthly reports public within the first three working days of the following month.

 

“We have received positive feedback from the market players so far,” the official said, warning that the companies which refuse to unveil their financial reports on a monthly basis might be disciplined by the regulator.

 

 
By: Security and Exchange News Agency (SENA)
 
 
 
 
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