BIST 100 index
The BIST 100 index is a commonly used abbreviation for the Borsa Istanbul stock exchange, Turkey’s main stock exchange. It regulates the activities of the Istanbul Stock Exchange, Istanbul Gold Exchange and Derivatives Exchange of Turkey.
Where have you heard about the BIST 100 index?
The BIST 100 index is one the top performing stock exchanges in the world.
The BIST 100 index was in the news in December 2016 after converting all of its cash assets into Turkish Lira to back its struggling domestic currency against the US dollar.
What you need to know about the BIST 100 index.
The BIST 100 index was established as a self-regulating joint stock company when the Istanbul Stock Exchange and Istanbul Gold Exchange merged. This move followed a new Turkish capital market law in 2012.
By regulating the activities of the Istanbul Stock Exchange, Istanbul Gold Exchange and Derivatives Exchange of Turkey, the BIST 100 index aims to ensure free and secure trades.
It has been approved as a 'designated Offshore Securities Market' by the US Securities and Exchange Commission (SEC), an 'appropriate foreign investment market for the private and institutional Japanese investors' by the Japan Securities Dealers Association (JSDA), and a regulated market by the Austrian Ministry of Finance.