Top stock purchases, sales by foreign investors on Borsa Istanbul in October

Foreign investors executed significant trades on Borsa Istanbul in October, resulting in a net sale of $639 million, according to data from Türkiye's Banking Regulation and Supervision Agency (BDDK).

The monthly figures highlight both the most bought and sold stocks by overseas investors amid ongoing market fluctuations.

Traders work at their desks on the floor of the Borsa Istanbul in Istanbul, Türkiye, October 13, 2017. (Reuters Photo)

Key stock purchases on Borsa Istanbul led by Turkcell, Turkish Airlines

The top stocks purchased by foreign investors were dominated by leading companies in the telecommunications and aviation sectors:

• Turkcell (TCELL): $25.7 million
• Turkish Airlines (THYAO): $17.5 million
• Binbin (BINBN): $14.8 million
• Coca-Cola Icecek (CCOLA): $14.1 million
• Tekfen Holding (TKFEN): $10.3 million

An Airbus A330, of which Turkish Airlines is the largest operator, at now defunct Istanbul Ataturk Airport, with multiple other Turkish Airlines aircraft in the background (Photo via Turkish Airlines)

Major stock sales on Borsa Istanbul focused on banking sector

The largest stock sales by foreign investors targeted Türkiye's major banking institutions, with Akbank and Yapi Kredi leading the list:

• Akbank (AKBNK): $159.01 million
• Yapi Kredi (YKBNK): $143.7 million
• Sabanci Holding (SAHOL): $116.3 million
• Is Bankasi (ISCTR): $85.6 million
• Garanti BBVA (GARAN): $64.9 million

November 12, 2024 04:53 PM GMT+03:00