Borsa Istanbul will replace more than one quarter of the companies in its benchmark BIST-100 index, marking the exchange’s largest reshuffle in six years.
The changes follow a sharp market sell-off linked to liquidity problems at investment funds holding thinly traded shares. Redemptions forced some funds to sell more liquid assets, increasing pressure on the wider market.
Turkish authorities intervened with additional central-bank funding, temporary changes to margin requirements and orders affecting 131 funds with hundreds of thousands of investors.
Destek Finans and Katılımevim are among the companies due to leave the BIST-100, while Anadolu Grubu Holding and TAB Gıda will return to the benchmark.
Destek Finans will also be removed from the BIST-30. The index changes are expected to become effective next month as regulators seek to strengthen trading quality and investor confidence.
Revised inclusion rules require companies to meet new conditions related to share-price volatility and equity size before qualifying for the Star Market, which is necessary for membership in the leading indices.
Analysts welcomed the tighter standards as a step toward healthier price formation, although the episode has renewed debate about limited liquidity, market concentration and transparency in Turkish equities.
Source: Reuters.
Featured photo: Anna Berdnik/Unsplash. The image is illustrative.
Zeynep Aziz is a social-affairs specialist, writer and advocate with advanced academic qualifications in both Social Sciences and International Relations. Her multidisciplinary education has given her a strong understanding of society, public policy, human rights and the political forces shaping Turkey’s domestic and international development.
For many years, Zeynep has been actively engaged in social affairs and initiatives supporting the rights and well-being of Turkish citizens. Her work pays particular attention to social equality, democratic participation and the protection of vulnerable and disadvantaged communities.
Women’s rights remain central to her interests and advocacy. She works to raise awareness of the challenges faced by women in Turkey, including discrimination, violence, unequal opportunities and barriers to full participation in political, professional and social life. She strongly supports women’s empowerment, equal access to education and employment, and effective legal protection for women and girls.
Alongside her social work, Zeynep closely follows Turkey’s international relations and foreign policy. She takes a keen interest in Turkey’s relations with Europe, neighbouring countries and international institutions, as well as the impact of regional and global developments on Turkish society.
Through her writing and public engagement, Zeynep seeks to encourage informed discussion, strengthen respect for human rights and contribute to a fairer, more democratic and inclusive Turkey.
Zeynep Aziz
