“Vakharazm” among 50 More Active Companies of TSE
Shares of the Kharazmi Investment Company (public joint stock company) which is traded at Tehran Stock Exchange under “Vakharazm” transaction symbol on the main board of the first market of TSE, in the latest list of updated 50 more active companies of TSE for the first quarter of 1396 (March 20 – June 20, 2017), has been placed among the 50 more active companies of TSE.
According to the data base of the capital market (SANA) quoting Tehran Stock Exchange Company, with regard to the experiences of the stock exchanges at international level, identification of top companies or those enjoying better condition are usually done on the basis of stock liquidity criteria, the level of the company’s influence on the market and superiority of the financial ratios.
On this basis, identification of more active companies in the Tehran Stock Exchange takes place on the basis of a combination of stock liquidity power and the amount of stock transaction in the transaction hall (the number and value of the transacted stocks), frequency of stock transaction in the transaction hall (number of transaction days and frequency of transaction), and the criteria for influence of the company on the market (the average number of released stocks and the average of the current value of the company’s shares during the survey).
The report also suggests that 50 symbols of more active stocks for the market activity in a period of one day leading to the date of the report have been calculated and would be updated every three months.