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MSC, one of top 40 companies on TSE, IFB


Mobarakeh Steel Company (MSC) made it to the 2018 list of top 40 listed companies on Tehran Stock Exchange (TSE) and Iran Fara Bourse Co. (IFB) last year (the year to March 20, 2019) thanks to its remarkably stronger financial performance over the year before.
A ceremony was held in the Securities and Exchange Organization (SEO) on September 16 to introduce the top 40 listed companies on Tehran Stock Exchange and Iran Fara Bourse Co., according to the correspondent of Steel Newsletter. The ceremony – attended by SEO chief Dr. Shapour Mohammadi, Ali Agha-Mohammadi, a member of the Expediency Council, and a host of senior managers of the most transparent companies on the stock exchange and over-the-counter (OTC) market – aimed to identify the positive measures and achievements which have resulted in a better performance in different companies.
In light of the experience of international stock exchanges, top companies or better-positioned companies are often identified based on various parameters such as stock liquidity, the impact of a company on the market and the superiority of financial ratios.   
Accordingly, a number of the parameters are taken into account for identifying more active companies on Tehran Stock Exchange: stock liquidity, the volume of stock trading on the floor (the number and value of traded stocks), the frequency of stock trading on the floor (the number of trading days and the number of trading), and the company’s impact on the market (the average number of issued stocks and the company’s average market capitalization in the period its stocks are being evaluated).
During the ceremony, which was aimed at helping senior managers of transparent companies on the stock exchange and OTC market to exchange views, Shapour Mohammadi said development of capital market and improvement of stock trading processes for all issuers on the stock exchange have always been supported by the oversight body, adding today the stock exchange plays an important role in national economy.
The secretary of the Supreme Exchange Council further said companies active in the capital market are among the largest economic institutions in the country, adding the information available in Codal is the most reliable index for measuring the real performance of the economy.
The SEO chief said the most transparent production and service companies are active in the stock exchange. “Without a doubt, the capital market is the most transparent economic institution in the country.”
Dr. Mohammadi went on to say that the Securities and Exchange Organization intends to improve both the quality and quantity of released information this year. “I hope we can see more transparency in the capital market through cooperation with its players.”
Later in the ceremony, Ali Agha-Mohammadi, a member of the Expediency Council, recalled the Supreme Leader’s remarks on the need for supporting national production and said today the stage is set for an economic leap in the country. “Most of our industries have proven that they can withstand pressures and sanctions.”
He said the maximal presence of economic enterprises and companies on the stock exchange can help work out solutions to economic problems. “Transparency is the most significant achievement of the capital market. I hope all institutions and listed companies work together and pave the way for the presence of other companies in the capital market.”
The Expediency Council official further said one key issue for the economy is how to solve the problem associated with the production chain, adding it is the mission of production and service enterprises and companies to complete the production chain and improve its processes. “Completion of the production chain is a must for the national economy. For sure it is one way to control and manage economic crises. We need to identify the production gaps and remove the existing shortcomings as soon as possible.”
In conclusion, Agha-Mohammadi said prospective studies and knowledge-based companies are two pillars of boosting production. “The bond between universities and the industry sector spurs motivation. Stock exchange issuers should pay close attention to these principles.”



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