Public companies across the Emirates should be given less time to report their earnings every quarter to reduce the potential for insider information leakage, fund managers say.
A shorter results reporting period could also help stimulate trading at times when investors prefer to stay on the sidelines ahead of an earnings announcement. The call comes as the country's two main stock exchanges try to boost trading volumes that have fallen sharply over the past two years.
The value of shares bought and sold on the Dubai Financial Market declined almost two thirds in the first quarter of this year to Dh10 billion (US$2.72bn) from Dh28bn last year.
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