Transparency seems to be returning to Iran’s capital market, as Securities and Exchange Organization’s latest data show.
From the investors’ perspective, the Iranian capital market had a major problem in recent years: Companies refused to report their financial information, or, at best, delayed publishing the data by months and years.
But SEO said that has changed now. The refusal to report data has dropped from 44% of the exchange-listed firms mandated to release reports on Codal.ir to a meager 5% in the past four fiscal years (March 2014-18).
This is while on-time reporting reached 86% by March 2018, up from 32%, SEO reported.
Graphs provided by the organization show that the highest rate of transgression was in June-September 2016 when the rate of on-time data reporting dropped to 13-15%.