EghtesadOnline: Iran’s two stock markets have seen the delisting of 174 companies since the fiscal 2002-3, according to Tehran Stock Exchange and Iran Fara Bourse data.
The highest number of delisted shares came about in the fiscal 2008-9 when 73 companies were put off the list, including Razavi Food Products Company, Pakris Textile Company, Arj Company, Avangan Company, Yazdbaf Industries Group, Choco Pars Company and Jahan Vegetable Oil Company. Incurring losses close to bankruptcy, low floating shares and market capitalization, and limited trade volume were the main reasons behind the delistings, Bourse 24 reported. The number of delisted companies has dropped in recent years though, as the fiscal 2016-17 saw two companies leaving and in 2017-18, only three were delisted. TSE is Iran’s largest exchange with a market capitalization of 3.72 quadrillion rials ($88.5 billion), followed by the smaller IFB with a market cap of 1.52 quadrillion rials ($36.3 billion rials) as of Saturday, according to Financial Tribune.