Minister of Treasury and Finance Berat Albayrak Announced: Two Zeros Removed from the Stock Exchange! Treasury and Finance Minister Berat Albayrak made a statement regarding the removal of two zeros from stock exchange indices. Alongside remarks about a new era, a new week and a fresh start, Minister Albayrak noted that for the first time in 23 years Borsa İstanbul is simplifying its indices by removing two zeros. According to the latest announcement, BIST 30 and BIST 100, along with other BIST equity indices calculated by Borsa İstanbul, will be expressed as values in units of 1,000 points as of today.
Two Zeros Removed Today from 123 Indices
Two zeros have been removed today from 123 indices. In line with the announcement from Borsa İstanbul, indices that were previously expressed in the hundreds of thousands have been simplified. Starting today, two trailing zeros have been removed from 123 indices that are calculated in Turkish lira, including major benchmarks such as BIST 30 and BIST 100. This adjustment converts large and often unwieldy numerical values into simpler, easier-to-read indicators. From now on, those indices will be presented as values in increments of 1,000 points. This change affects only the presentation of index numbers; the underlying value, price, or the fundamentals and effort behind listed companies remain unchanged.
Sectoral Confidence Index Increased
Sectoral Confidence Index Rises! Minister Albayrak also commented on sectoral confidence indices, saying the economy is gradually moving forward. He highlighted that confidence indices improved in July on a monthly basis: the services sector rose by 20.2%, retail trade by 9.6%, and the construction sector by 11.6%. These increases were welcomed as signs of recovery. Minister Albayrak expressed hope that pessimistic forecasts about the Turkish economy will once again prove unfounded.