Borsa

The number of investors in Borsa Istanbul has picked up again in the past two weeks with new initial public offerings on the stock exchange.

Some investors left the stock exchange in the past months due to the combination of several factors. The interest rates on saving accounts rose, while the performance of the shares offered via public offerings was disappointing. 

Türkiye's economic model helps limit the effects of the volatility in exchange rate, Treasury and Finance Minister Nureddin Nebati has said.

The Türkiye Economic Model supports exports by adopting the value-added production approach, he added.

"With this mode, the impacts of exchange rate volatility, which is occasionally experienced, is limited," Nebati wrote on Twitter.

Borsa Istanbul has said that it provides detailed information about IPO processes and capital markets by conducting planned and regular visits to industrial enterprises.

The statement by Borsa Istanbul recalled that the list of the top 1000 largest industrial enterprises of Türkiye was announced.

Renovation of Rakoczi's chateau in Borsa was officially finished in June 2021 at a ceremony attended by Slovak President Zuzana Caputova and her Hungarian counterpart Janos Ader. Photo: Tomas Hrivnak Sign listing the politicians responsible for the restoration of Rakoczi chateau in Borsa, Slovakia.

Turkey's stock exchange Borsa Istanbul has elected Korkmaz Enes Ergun as its new CEO.

Ergun, who was elected at an ordinary general assembly of Borsa Istanbul on March 26, has 24 years of experience in the stock exchange and capital markets. He had previously served as the deputy general manager of Borsa Istanbul where he was responsible for quotation.

Borsa Istanbul's Managing Director Hakan Atilla has resigned, a statement said on March 8. 

The board of directors has accepted the resignation and the decision was notified to the Capital Markets Board (SPK).

The acquisition of a 10% share in Turkish stock exchange Borsa Istanbul by the Qatari state Investment Authority was completed on Nov. 30.

According to a statement from the Turkiye Wealth Fund (TWF), the transaction size of $200 million implies a total equity value of $2 billion.

Turkey's Banking Regulation and Supervision Agency (BDDK) has announced on Tuesday that it will repeal the calculation of the Asset Ratio (AR), as of end of 2020 as part of the normalization steps.

Borsa Istanbul's banking index gained 3% while the U.S. dollar/Turkish lira exchange rate fell below 7.85 from 7.96 following the move.

Borsa Istanbul CEO Hakan Atilla speaks at an event in the southeastern province of Gaziantep.

There are nearly 4 million investment accounts within the stock exchange and mutual funds, according to Borsa Istanbul CEO and Acting
Chairperson.

Turkey's stock exchange Borsa Istanbul has named Hakan Atilla its new managing director, according to a BIST statement on Oct. 21.