This study aims to determine and analyze the effectiveness and impact of not publishing financial reports in a timely manner on the qualitative characteristics of the information and its reflection on the value of the organization as a result of the cessation of stock trading. The research methodology is based on an analytical approach and consists of (105) companies listed on the Iraqi Stock Exchange and whose shares are traded electronically. The research sample also includes companies whose shares have been suspended due to delays. In publishing its financial reports according to the dates set by the instructions to stop and resume trading amounting to (22) companies for the period (2019–2021), with the aim of analyzing market values and showing the impact of the suspension on them. The research results indicate that there is a direct relationship between the cessation of trading as a result of not publishing financial reports in a timely manner and the change in the market value of companies. As a result, the research recommends the necessity of committing to publish financial reports on time and not delaying them, and the possibility of using electronic disclosure as an aid to enhance the qualitative characteristics of the information.