Borsa Istanbul

Borsa İstanbul
TypeStock exchange
Locationİstinye, Istanbul, Turkey
Founded– 1866 (formally renamed Dersaadet Securities Exchange in 1873)[1][2]
– December 26, 1985 (1985-12-26) (as İMKB)[2]
– April 5, 2013 (as Borsa Istanbul)[2]
Key peopleErişah Arıcan (Chairperson), Mehmet Hakan Atilla (CEO)
CurrencyTurkish lira
No. of listings562 [3]
Market cap$220.620 billion (2014)[4][5]
Volume$1.292 trillion (2012)
IndicesBIST 30
BIST 50
BIST 100
Websiteborsaistanbul.com

The Borsa İstanbul (abbreviated as BIST) is the sole exchange entity of Turkey combining the former Istanbul Stock Exchange (ISE) (Turkish: İstanbul Menkul Kıymetler Borsası, IMKB), the Istanbul Gold Exchange (Turkish: İstanbul Altın Borsası, İAB) and the Derivatives Exchange of Turkey (Turkish: Vadeli İşlem Opsiyon Borsası, VOB) under one umbrella. It was established as an incorporated company with a founding capital of 423,234,000[6] (approx. US$240 million) on April 3, 2013, and began to operate on April 5, 2013. Its slogan is worth investing.[7][8]

Shareholders of Borsa İstanbul are: 49% Government of Turkey, 41% IMKB, 5% VOB, 4% IMKB members, 1% IMKB brokers and 0.3% IAB members. It is planned that all the Government-owned shares will be offered for sale.[9] Among the executives of the nine-member board of directors, which is presided by chairman Himmet Karadağ, are former deputy chairman of ISE Osman Akyüz, former head of VOB Işınsu Kestelli, Merrill Lynch Investment Bank General Manager Hüseyin Kelezoğlu and Chairman of Turkish Association of Capital Market Intermediary Institutions Attila Köksal.[7][8]

  1. ^ "Timeline of Borsa Istanbul". borsaistanbul.com. Retrieved 1 August 2022.
  2. ^ a b c "Milestones in Borsa Istanbul History". borsaistanbul.com. Retrieved 1 August 2022.
  3. ^ "Stocks". www.isyatirim.com.
  4. ^ imkb.gov.tr Archived June 12, 2012, at the Wayback Machine
  5. ^ "Istanbul exchange names finance professor as chairman ahead of IPO". Hürriyet Daily News.
  6. ^ "Borsa İstanbul'un kuruluş sermayesi". TRT Haber (in Turkish). 2013-04-04. Retrieved 2013-04-05.
  7. ^ a b "First gong of Istanbul's new bourse to be banged". Hürriyet Daily News. 2013-04-05. Retrieved 2013-04-05.
  8. ^ a b "Erdoğan, Borsa İstanbul'un gongunu çaldı". Hürriyet (in Turkish). 2013-04-05. Archived from the original on 2019-12-14. Retrieved 2013-04-05.
  9. ^ Güler, Hülya (2013-04-04). "Borsa'da lâle devri". Hürriyet Ekonomi (in Turkish). Retrieved 2013-04-05.

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