BAKU, Azerbaijan, Oct. 14
By Fakhri Vakilov – Trend:
Uzbekistan’s Republican Stock Exchange (RSE) "Toshkent" is launching a rating of listed companies, Trend reports citing the press service of the exchange.
The rating of the issuing company will be determined based on the data of the Unified portal of corporate information, statistics of the Central Securities Depository, as well as data on exchange trading.
The preliminary version of the ranking was based on five indicators. Points are awarded for the presence of an independent member on the supervisory board of the company, the number of shareholders, the timely disclosure of the quarterly report, the number of trading days at the RSE and the amount of shares in free float.
In the future, the exchange will improve the calculation based on proposals and observations. The rating data will be updated every month.
The maximum value of the rating is 100 points, the minimum is 1. Companies with insufficient data or no completed analysis will get a zero indicator.
At the moment, the first place in the rating is taken by the "Uzbek Republican Commodity and Raw Materials Exchange" which has 90 points. Moreover, Kizilkumcement has 88 points, Hamkorbank - 87, Kuvasaycement - 85, Quartz - 83 and Ipak Yuli Bank - 78.
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