The reopening of the magenta symbol / the story of the boxes is repeated?

According to Tejarat News, it was exactly March 15 last year underwriting Two sports clubs, Esteghlal and Persepolis, were opened in foreign markets. It is supposed to reopen in the OTC tomorrow.

Hossein Gurbanzadeh, the head of the Privatization Organization, told ISNA about the latest status of the stock exchange of the Maghrebs: Esteghlal and Persepolis symbols will be reopened tomorrow, September 2, in the over-the-counter base market, and shareholders can buy and sell these shares.

Also, the supervisor of the two aforementioned symbols has requested the shareholders to appoint a supervisor broker and review the disclosed information in the Kodal system. In this regard, reopening the symbols of Esteghlal and Persepolis required that these two clubs disclose the text of their contracts. In this regard, last week, both clubs disclosed their total contracts through separate letters.

Is the story of government funds repeated in the stock market?

But this reopening has caused some worries for some market participants and investors. To explain a concern, we need to go back to the past. In the previous government, Ikum and Dara Ikum refining funds were subscribed in the market. During the subscription, the officials of the previous government advertised the purchase of these two funds.

But after the subscription of the first refining fund, its price reached even lower than the subscription price. People who bought these funds with the invitation and advertisement of the officials and faced significant losses.

Today, not only these two funds are traded below their net intrinsic value and have aggravated people’s losses. Rather, since the officials promoted these two funds in the past years, people lost their trust in investing in stocks. This is despite the fact that it took years for people to get acquainted with investing in the capital market.

Now, some experts say that the fate of the shareholders of Esteghlal and Persepolis clubs will probably be the same as the state funds. Of course, to investigate this issue further, we should wait for the reopening of Maghrib stocks and check the situation after a few months. Because the situation may change and Esteghlal and Persepolis will give good profits to their shareholders.