Stock Features

Stock

Stocks are negotiable instruments that are issued by incorporated companies and represent the share of incorporated companies.

Having the stock of an incorporated company means to be a shareholder of that company.

Reliable and accurate information flow is of high importance in buying/selling stocks.

Investing in Stocks

Short/long term investment opportunity: A stock provides its holder with the opportunity to secure high yields in the short as well as the long term. In addition to the chance of short-term yields, stocks may potentially bring higher yields compared with regular and other investment instruments which prove to be stable in the long run.

Profit Share: A stock entitles its owner to get a share of the yearly net profit of a company. Profit shares are paid to stockholders when the company decides to allocate Profit shares at its general assembly.

Capital gain: Kısa/uzun vadedeki fiyat değişiklikleri değerlendirilerek, hisse senedi alım-satımından elde edilen gelirdir. Yerli-yabancı tüm yatırımcıların hisse senedi alım-satımından elde ettiği gelirlerden vergi alınmamaktadır. Hisse senedi alım-satımında, hisse senetlerinin değer kaybetmesi halinde zarar etme riski de bulunmaktadır.

Tax advantage: The withholding rate applicable to income obtained from the trading of stock is 0%.

Stockholder Rights

Profit Share Right: A stock entitles its owner to get a share of the yearly net profit of a company. Profit shares are paid to stockholders when the company decides to allocate profit shares at its general assembly. A profit share is one of the most important financial benefits of the stockholder, representing an acquired right, but may be limited with certain terms.

Pre-emptive Right: It entitles a priority to the stockholder to participate in the capital increase of the company through a rights issue. The subscription period to exercise the pre-emptive right is minimum 15 days and maximum 60 days. Rights coupons can be traded on the Rights Coupons Market.

Right to Share in Liquidation Balance: If there remains any balance after the company’s liquidation, the stockholder participates in such balance in proportion to its shareholding interest.

Right to Participate in Management of a Company: The stockholder is entitled to attend the general assembly, elect the board of directors, and be elected a member of that board.

Voting Right: Each stock vests minimum one voting right in its holder. Notwithstanding, the number of voting rights which a stock will vest in its holder may be determined by the articles of association, and the voting rights attached to a single share may be increased. Companies may also grant Profit share benefits, issuing stocks without a voting right.

Right to Receive Information: It is essential that an investor in a stock market has access to the information relating to the company. The stockholder’s right to receive information cannot be prevented or limited with the articles of association or a decision of the company. Publicly-held companies are obligated to disclose any important information/news related to the company’s condition in the most practicably way. Companies also disclose their independently-audited financial statements on a quarterly basis.

Stock Price

Nominal price (face value)

The price written on the face of the share certificate. This value is designated by the management of the corporation upon the first issue of the share in order to determine the total capital amount and to make the accounting entries in relation thereto. The nominal price of a share may be minimum one Kurus and may be incremented as multiples of one Kurus.

Issue price

The price at which a share is put to sale by the company upon issue. The issuer may determine an issue price above the nominal value.

Market price

The price at which a share is traded on the capital market. It is determined by supply and demand. A share may be traded at varying market prices which may be above and below the real value subject to changes in market conditions without any change in the company’s effectiveness. The market price of a share listed on the exchange is its exchange price.

Exchange price

The price of a share listed on the stock-exchange that forms during the trading session subject to supply and demand conditions. Also, opening, closing, highest, lowest and average daily prices of shares are calculated and announced.

Transaction Hours
Stock Market Transaction Hours
National Market, Secondary National Market, New Economy Market and Fund Market
1st Session 09:30 - 12:30
Opening Session 09:30 - 09:50
i) Order Collection 09:30 - 09:45
ii) Opening Price Determination and Opening Transactions 09:45 - 09:50
Continuous Auction Session 09:50 - 12:30
2nd Session 14:00 - 17:30
Continuous Auction Session, Electronic Order Transmission 14:00 - 14:05
Continuous Auction Session 14:05 - 17:30
Wholesale Market 11:00 - 12:00
Official Auction Transactions
Primary Market Transactions
Watchlist Companies Market 14:00 - 15:00
Stock Market Settlement Screens

Stock settlement transactions are performed by ISE Settlement and Custody Bank Inc. (TAKASBANK), which is the authorized settlement and custody institution of Turkey.

  • Settlement day is the second business day following the transaction, T+2.
  • The principle of delivery against payment applies.