Why was the first refinery lost?

According to Tejarat News, in the past week, the total stock market index experienced a growth of about 3.9 percent and reached the level of 1,512,000 units from the level of 1,454,000 units.

“It is somewhat difficult to predict the stock market for next week,” Amir Topchipour, a capital market expert, told Tejarat News. But trading is likely to be balanced. The important point is that the value of trades should not decrease, because there is a possibility of a drop in the index.

“Government funds with refineries and refineries have had a lot of margins from the beginning,” he said. In particular, the refining fund, which was introduced by a dispute between the Ministry of Oil and the Ministry of Economy. Despite the fund’s 20% discount when it was divested, there were still several challenges.

He explains: Among the reasons for the decline in the stock price of the first refinery and the first one, we can mention the lack of liquidity guarantee and marketing. Because the lack of a market maker for these two funds caused the fund itself to start marketing. But due to lack of resources, we saw heavy losses of shareholders with low and first refinement.

“Early last year, a proposal was made to allocate bonus shares to compensate the fund’s shareholders,” the capital market expert notes. But it did not work, until during the new management of the Exchange Organization, three solutions were brought in line with the current price of the first and first refineries to NAV and put on the agenda.

What is the advantage of stock exchange ETF funds?

“The new solutions that have been proposed to improve the condition of these funds can be useful,” Topchipour said, referring to the benefits of ETF funds. However, on the first trading day of these funds after the publication of this strategy, we witnessed emotional behavior towards them.

He adds: “If a shareholder has a majority stake in a subsidiary and a refining company, he will be able to cast his vote in the meetings.” One of the good suggestions is to convert ETF funds to active funds. In this case, each fund can reduce or increase the percentage of shares of the fund’s subsidiaries, depending on the industry conditions and the fundamental situation of the companies.

“The five percent gap between NAV and the fund price in the normal market is normal,” Topchipour concludes. But at some point in time, the difference between the net worth of these funds and the market price had even reached more than 20 percent. If the proposed solutions are implemented, it can be hoped that the losses of the shareholders of these funds will be compensated as soon as possible.