What is the 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.
Key takeaways
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BIST 100 index is Turkey's main stock exchange that regulates Istanbul Stock Exchange, Istanbul Gold Exchange, and Derivatives Exchange of Turkey.
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Established as self-regulating joint stock company following 2012 Turkish capital market law through merger of Istanbul Stock and Gold Exchanges.
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In December 2016, converted all cash assets to Turkish Lira to support the struggling domestic currency against the US dollar.
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Aims to ensure free and secure trades and is recognized as one of the world's top performing stock exchanges.
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Has received international approvals from US SEC, Japan Securities Dealers Association, and Austrian Ministry of Finance as regulated market.
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.