Professional domestic investor takes the stage

While global stock markets tested new highs, Borsa Istanbul also joined the rally with the cheapness in dollar terms and many companies in the industry and banking sector trading below their historical valuations. As the yield on TL deposits fell, domestic investors returned to the stock market.

The rise in foreign exchange in the last two months has not negatively reflected on the stock market, on the contrary, demand for the undervalued stock market has increased. Foreigners have a share in the rise in Borsa Istanbul, but the biggest support comes from domestic investors. The Central Bank (CBRT) lowered the policy rate to 16 percent. Annual inflation is at 19.89 percent. This means that the real return is minus 3.9 percent.  In such an environment, there is an increase in Borsa Istanbul with purchases coming to exporting industrial companies and private banks that increase their return on equity. In Borsa Istanbul, the BIST 100 index gained 0.50 percent and closed the day at 1,583 points, realizing the highest closing of all time, while also breaking the closing record on a weekly basis.

Professional Investor

Professional Investor within the meaning of the Dutch Financial Supervision Act (Wet op het financiële toezicht) or for persons authorized to receive such information pursuant to other applicable law and for professional investment advisors.

Section 1:1 of the Dutch Financial Supervision Act

Professional investor:

• the management company of a collective investment scheme;
• the management company of a pension fund or similar legal person or company;
• collective investment scheme:
• investment firm;
• national or regional government body or government body managing public debt
• central bank
• financial institution;
• international or supranational organization governed by public law or comparable international organization;
• credit institution;
• market maker;
• an entity whose main activity is to invest in financial instruments, implement securitization programs or other financial instruments

       Transactions

• a pension fund or similar legal person or company
• a person or company trading in commodities and commodity derivatives on its own account
• local firm;
• a legal person or company that meets two of the following size requirements:

1. 1. Balance sheet total of €20,000,000 or more;
   2. Net turnover of €40,000,000 or more;
   3. The equitable jurisdiction of the Dutch courts.

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