EghtesadOnline: Tehran Stock Exchange reopened 39 frozen stock tickers and barred 29 others from trade during the first month of the current fiscal year (March 21-April 20), according to the latest TSE data.
The numbers show a slight improvement compared with last year’s similar period when 41 were reopened and 37 were frozen from March 21 to April 20, 2017, ILNA reported. Frozen shares were the main cause behind TSE investors’ frustration last year, as they had to wait months–and in some cases years–before they could gain access to their locked and depreciating capital.
There were a plethora of reasons for the shares being frozen. The most common was firms’ delay or simple unwillingness to share corporate performance details and balance sheets with the Securities and Exchange Organization, and in turn, the investors, Financial Tribune reported.