Investigate the status of Bank D shares / shareholders are still in losses

According to Tejarat News, Bank D shares ended their upward trend after increasing their price in the last 6 trading days. The symbol “D” ended today’s stock exchange trading with a 1.5% drop and a final price of 785 rials. Today, more than 56 million shares of this bank, worth 44 billion Tomans, were exchanged between traders.

The drop continues after reopening

The shares of Bank D, which had been closed since November of last year, were reopened on June 29 this year, after many arguments over the release of the bank’s financial statements. But the performance of Bank D shares after reopening has been lower than expected.

Banks and credit institutions group index grew by about five percent while Bank D shares were away from the trading cycle. The total index of the stock market also increased by 2.3% during this period. Although it was expected that Bank D would compensate for this lag from its peers and the market as a whole when it reopened, this did not happen.

“D” shares fell by 12.5% ​​on the first trading day after reopening. This symbol has recorded a 16% drop in price since then.

Margins around shares of Bank D

In addition to the downward trend that covers the entire market, another factor affecting the decline of Bank D shares during this period is the news surrounding this bank. Perhaps the most important news is the insistence of the Shahid Foundation, the owner of Bank D, on the embezzlement of five thousand billion tomans in this bank and the denial of this claim by Bank D.

It seems that these margins cost the most to the shareholders of Bank D. The shareholders, the majority of whom are the families of martyrs, veterans, and martyrs, after being deprived of using their capital for eight months, are now witnessing the decrease in its value.