Institution 11 stories

Borsa Istanbul

Türkiye's capital market exchange

Borsa Istanbul (BIST) is an institution operating in Türkiye's capital market since it opened in 1985, providing custody and clearing services to Turkish and foreign banks and brokerages. Formerly named the Istanbul Stock Exchange (İMKB), it took its current name on April 5, 2013.

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Mentions over time

16 Sept 19 Sept

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Day	Mentions over time
16 Sept	4 stories
17 Sept	2 stories
18 Sept	4 stories
19 Sept	1 story

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WSJ'den Türkiye'deki borsa ve fon krizine dair çarpıcı analiz — Photo: Ekonomi Manşet

Economy 3 sources 19 Sept, 17:56

WSJ assesses Türkiye's investment fund crisis and liquidation of 131 funds

The Wall Street Journal examined the process that began when some funds failed to meet redemption requests and spread to Borsa Istanbul (BIST); the Capital Markets Board (SPK) began liquidation proceedings for 131 funds belonging to seven portfolio management companies.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Wall Street Journal Capital Markets Board Borsa Istanbul Pusula Portföy Tera

Reuters: TCMB, çarşamba günü 5 milyar dolar döviz sattı — Photo: Ekonomim

Economy World press 4 sources 2 updates 18 Sept, 16:58

Public institutions take steps in fund crisis, Central Bank foreign currency sales in focus

The Treasury and Finance Ministry convened the Financial Stability Committee, and the Central Bank (TCMB) raised repo funding to 300 billion lira. According to reports citing Reuters, the Central Bank sold approximately $5 billion on Wednesday; the Turkey Wealth Fund was reported to have made purchases on the stock exchange.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Where reports differ

Pro-government press Highlights the simultaneous measures taken by the Treasury, the Central Bank, the Capital Markets Board (SPK) and the banking regulator BDDK, as well as the Turkey Wealth Fund's role as a strong buyer on the stock exchange.

Opposition press Emphasizes the cost of the intervention: citing bankers' calculations, it reports that the Central Bank sold $5-5.2 billion in a single day and that a liquidation decision was made for a fund worth approximately 900 billion lira.

Treasury and Finance Ministry Central Bank (TCMB) Capital Markets Board (SPK) Turkey Wealth Fund Borsa Istanbul (BIST) Emlak Katılım

Dolar, euro, altın, borsa.... Bu hafta kim kazandırdı, kim kaybettirdi? - Sayfa 1 — Photo: Ekonomim

Economy 10 sources 18 Sept, 20:58

BIST 100 closes the week down 8.18% at 13,284 points

On Borsa Istanbul (BIST), the BIST 100 index saw a weekly low of 12,817.01 and a high of 14,355.46 points, closing the week down 8.18%; the dollar rose 0.36% to 48.7810 lira, while the euro fell 0.91%.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Borsa Istanbul (BIST) BIST 100 Kapalıçarşı Anadolu Ajansı

“Tera’yı şikâyet ettim, iki kez gözaltına alındım” - Serbestiyet — Photo: Serbestiyet

Economy World press 8 sources 18 Sept, 23:18

Two executives step down at Tera Finansal Yatırımlar and Hedef Holding

Erkan Kilimci, Deputy Chairman and General Manager of Tera Finansal Yatırımlar Holding, resigned of his own accord; Hedef Holding notified the Public Disclosure Platform (KAP) that board member Namık Kemal Gökalp resigned due to a legal process against him.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Tera Finansal Yatırımlar Holding Hedef Holding Public Disclosure Platform (KAP) Borsa Istanbul (BIST) Bloomberg

ABD, Türkiye’deki fon krizini yakından izlemeli! — Photo: Ekonomim

Economy 1 source 19 Sept, 02:35

Financial Times: Problem in fund sector caused sharp drop in BIST 100

According to a report by Ekonomim citing the Financial Times, the BIST 100 index fell more than 8% during the week after a portfolio management company announced it could not meet redemption requests on some of its funds.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Borsa Istanbul (BIST) Financial Times Ekonomim

Finansal İstikrar Komitesi nedir, amacı nedir? Finansal İstikrar Komitesi üyeleri kimler? — Photo: Cumhuriyet

Economy 31 sources 2 updates 17 Sept, 12:26

Financial Stability Committee holds emergency meeting: "No structural risk"

Following the decline in Borsa Istanbul (BIST), the committee, chaired by Treasury and Finance Minister Mehmet Şimşek, said the issue stemmed from credit and liquidity strains in certain funds of a limited number of portfolio management companies, and that it was temporary and manageable.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Financial Stability Committee Treasury and Finance Ministry Mehmet Şimşek Borsa Istanbul (BIST)

SPK’dan fon piyasasına sert müdahale: 7 şirketin TEFAS işlemleri durduruldu, 130 fon tasfiye edilecek — Photo: Karar

Economy 29 sources 2 updates 17 Sept, 12:26

Capital Markets Board halts trading of 7 portfolio companies' funds on TEFAS

The Capital Markets Board (SPK) suspended buying and selling of funds managed by Tera, Pusula, Hedef, Atlas, A1, Pardus and Bulls Portföy on TEFAS; according to ForInvest data, a liquidation decision was taken for 130 funds, and the equity ratio for margin trading was lowered to 20%.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Capital Markets Board (SPK) Borsa Istanbul (BIST) Tera Portföy Yönetimi Pusula Portföy Yönetimi TEFAS

Borsa İstanbul'daki kayıplardan sonra Finansal İstikrar Komitesi toplantısı — Photo: BBC Türkçe

Economy 19 sources 17 Sept, 01:17

BIST 100 falls 5.54%, Financial Stability Committee to meet in the morning

BIST 100 fell 5.54% on September 16 to 13,122.58 points; the decline was driven by a portfolio management company defaulting on fund payments and Middle East tensions. The Financial Stability Committee will meet on September 17 at 08:00 chaired by Minister Şimşek.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Borsa Istanbul (BIST) Financial Stability Committee Mehmet Şimşek Treasury and Finance Ministry Pusula Portföy

Tera Portföy’ün iki fonu temerrütte, 6 fonunda para 10’uncu iş günü ödenecek — Photo: Ekonomim

Economy 6 sources 17 Sept, 01:17

Tera Portföy declares default in two funds, payment periods extended in six funds

On the evening of September 16, as Borsa Istanbul (BIST) fell sharply, Tera Portföy declared a payment default in its THF and TP2 funds. Unit share value in six free funds, including TLY, will now be calculated on the 15th of each month, with sale proceeds paid on the 10th business day.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Where reports differ

Independent press Ekonomim and Karar focused on the technical content of the disclosures, noting that the default does not mean the fund's collapse but that investors could not access their money within the expected timeframe, and that fund size data varied between 224 and 243 billion lira across different platforms.

Opposition-leaning press Cumhuriyet, Halk TV, BirGün and Evrensel highlighted a statement by Tera Holding Chairman Emre Tezmen referencing President Erdoğan and describing the process as a "speculative attack"; they presented Tezmen's defense of a "temporary liquidity shortage" with skepticism.

Tera Portföy Emre Tezmen Borsa Istanbul (BIST) Public Disclosure Platform (KAP) Sermaye Piyasası Kurulu Mehmet Şimşek Pusula Portföy

Eski Borsa Başkanı İbrahim Turhan hakkında soruşturma — Photo: Evrensel

Economy 7 sources 17 Sept, 01:17

Investigation opened into former Borsa Istanbul chief Turhan over social media posts

The Istanbul Chief Public Prosecutor's Office launched an ex officio investigation into former Borsa Istanbul (BIST) chairman İbrahim Mustafa Turhan over social media posts alleged to be capable of creating fear and panic in the capital markets. The investigation came after BIST 100 lost more than 6%, triggering a circuit breaker.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

İbrahim Mustafa Turhan Istanbul Chief Public Prosecutor's Office Borsa Istanbul (BIST) Central Bank (TCMB) AK Party (AKP)

Hedef Holding Yönetim Kurulu Başkanı Namık Kemal Gökalp gözaltına alındı — Photo: Sözcü

Economy 8 sources 17 Sept, 01:17

Hedef Holding and İnfo Yatırım board chairman Gökalp detained

Namık Kemal Gökalp, board chairman of Hedef Holding and İnfo Yatırım, was detained in Istanbul on September 16 as part of an investigation. The holding said Gökalp had been invited to the police station and that the company had no connection to the investigation.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Namık Kemal Gökalp Hedef Holding İnfo Yatırım Menkul Değerler Pusula Finans Holding Borsa Istanbul (BIST) Istanbul Chief Public Prosecutor's Office

Süper Lig Week 6

#		P	GD	Pts
1	Galatasaray	6	+3	13
2	Beşiktaş	5	+8	12
3	Kocaelispor	6	+3	12
4	Alanyaspor	6	+2	11
5	Trabzonspor	6	+8	10
6	Amedspor	5	+7	10
7	Kasımpaşa	6	+2	10
8	Çaykur Rizespor	5	+1	9
9	Gaziantep FK	6	0	8
10	Fenerbahçe	5	+2	7
11	Çorum FK	6	+1	7
12	Başakşehir	6	-1	7
13	Gençlerbirliği	6	-8	7
14	Konyaspor	6	-4	4
15	Samsunspor	5	-5	4
16	Erzurumspor	5	-9	4
17	Eyüpspor	5	-6	3
18	Göztepe	5	-4	2

This week's matches Week 6

Monday 14 September

FT TSL

Gaziantep FK 0–0 Fenerbahçe

Thursday 17 September

FT UEL

Beşiktaş 4–1 Marseille

Friday 18 September

FT TSL

Kasımpaşa 0–0 Konyaspor

Saturday 19 September

FT TSL

Çorum FK 1–2 Alanyaspor

FT TSL

Kocaelispor 2–0 Gaziantep FK

FT TSL

Başakşehir 4–0 Gençlerbirliği

FT TSL

Trabzonspor 4–0 Galatasaray

Sunday 20 September

Sun 17:00 TSL

Erzurumspor – Samsunspor

Sun 17:00 TSL

Fenerbahçe – Eyüpspor

Sun 20:00 TSL

Amedspor – Beşiktaş

Sun 20:00 TSL

Göztepe – Çaykur Rizespor

Friday 25 September

Fri 21:45 UNL

Türkiye – France

Saturday 26 September

Sat 17:00 UWEC

Minsk – Fenerbahçe

All matches →

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Istanbul Biennial İstanbul Fri 18 Sept, 03:00
Istanbul Modern - Museum Admission İstanbul Sat 19 Sept, 10:00
Watsons Youth Festival İstanbul Sat 19 Sept, 13:00
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3.9 Fthiotis, Stereá Elláda (Yunanistan) 19 Sept, 09:55
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