Number of Investors Increased to 2.4 Million Last Year

Last year, the number of investors increased to 2.4 million. CMB Chairman Ali Fuat Taşkesenlioğlu evaluated the issue at the 23rd extraordinary general assembly meeting.

The 23rd extraordinary general assembly meeting of the Turkish Capital Markets Association was held in Istanbul. According to the statement made by the TSPB, the Capital Markets Board Chairman Ali Fuat Taşkesenlioğlu, the Chairman of the meeting, said, "The number of investors increased from 1.9 million to 2.4 million. The annual transaction volume of the share market increased from 6 trillion liras to 7.3 trillion liras." CMB Chairman Ali Fuat Taşkesenlioğlu stated that the number of investors increased from 1.9 million to 2.4 million, and the annual transaction volume of the share market rose from 6 trillion liras to 7.3 trillion liras. Taşkesenlioğlu underlined that the inclusiveness of the share markets has increased significantly with 52 public offerings, the total size of which reached TL 21.6 billion this year. Taşkesenlioğlu, stating that last year the capital markets showed significant developments, made the following statements: "Although we have achieved a high momentum, it is clear that the vast majority of the first 1,000 industrial and service companies are still far from the stock market and our market capitalization/national income ratio is low compared to our peers. On the demand side, the share of domestic savers in their financial assets is around 7 percent. The figures show that besides the pleasing developments, the share markets should remain among the priorities for the Turkish economy. It is clear that we need to take bigger steps in order to bring the equity market to the level it deserves. In order to achieve this, you will appreciate that brokerage houses and portfolio management companies should also think big and not chase small accounts. On this occasion, I would like to emphasize once again that any attempt to prevent the spread of capital to the base by circumventing the legislation, especially regarding the distribution of public offerings, should be avoided."