The previous yr was one among excessive efficiency for the capital markets and Türkiye hopes this efficiency will lengthen into 2024, the pinnacle of the Turkish Capital Market Association Ibrahim Halil Öztop stated Friday.
Speaking on the “Future of Finance Summit” on the Turkuvaz Media Center in Istanbul, Öztop stated the full variety of traders with share certificates has elevated by 4.4 million from 3.8 million in 11 months to succeed in 8.2 million. He famous that round 44% of those traders are individuals beneath the age of 34.
He additionally famous that the portfolios of 57% of traders are beneath TL 10,000, which signifies that capital is distributed among the many base traders.
Öztop additionally highlighted that it was crucial to draw overseas traders to Turkish capital markets.
Reminding that the share of overseas traders within the public shares between 2005-2019 was 60 to 65% and began falling after 2019 to succeed in 34% in November 2023.
The “Future of Finance Summit” on the Turkuvaz Media Center in Istanbul highlighted the general well being of the monetary sector, its adaptability to international modifications, and its potential for sustained progress. The discussions emphasised the significance of monetary stability, entry to financing and regulatory measures to make sure a resilient financial system.
The occasion gathered key policymakers from Vice President Cevdet Yılmaz and Treasury and Finance Minister Mehmet Şimşek to Banking Regulation and Supervision Agency (BDDK) President Şahap Kavcıoğlu, Presidential Finance Office head Göksel Aşan, and Capital Markets Board (SPK) President Ibrahim Ömer Gönül, in addition to high banking executives.
Source: www.dailysabah.com
