Reopening of Persepolis in the over-the-counter market

According to Tejarat News, it was in March of last year that the underwriting of the Magnums started in the over-the-counter. This subscription took less than a month, and after five months, the symbol of two clubs, Esteghlal and Persepolis, has been reopened in the basic OTC market.

It was Wednesday of last week that the symbol of Esteghlal was reopened on the orange sign of the basic bazaar. Of course, one day after reopening, we saw the downward trend of this symbol.

Today, Wednesday, the symbol of Persepolis club is going to be reopened on the orange board of the exchange. Due to the reopening of this symbol in the trading session tomorrow (Wednesday), the shareholders can determine the monitoring broker and review the disclosed information in the Kodal system.

Of course, the trading of this symbol has not yet started in the over-the-counter basic market, and we have to wait and see what kind of situation this symbol takes after reopening.

Last week, Hossein Ghorbanzadeh, the head of the Privatization Organization, stated the reason for the delay in the reopening of the Persepolis symbol, saying that Persepolis’ fiscal year is June 31, and due to this issue, it has two months to submit its financial statements.

Will Persepolis fall?

The symbol of Esteghlal started a downward trend on the second day of reopening. Some experts believe that the decline in independence is normal and shareholders should expect further declines. But some other experts say that the lack of liquidity is the cause of the drop of symbols in the stock market.

Now, experts say that the decline of Esteghlal’s scenario may be repeated for Persepolis as well.

However, at the time of subscription, many experts had warned that the shares of these two football clubs were not valuable. Just a few days before the subscription, several experts announced that the shares of Esteghlal and Persepolis are not worth buying and the shareholders will suffer losses in the medium term.

Of course, this loss is not certain, and the change in the capital market trend and the increase in liquidity can lead to the growth of Maghrabi stock prices.