Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
More than a month after the fund collapse occurred, the shockwaves continue to rock the stock market. The crisis wiped out trillions of liras in corporate market capitalization and drove key valuation metrics to multi-year lows in Borsa Istanbul.
Borsa Istanbul’s most valuable company since the first half of 2025, Aselsan has agreed a set of record-breaking contracts in recent months.
The Borsa Istanbul’s benchmark BIST 100 index entered a technical bear market at the end of September, marking its worst monthly performance since the 2008 global financial crisis.
ASELSAN, which led Borsa Istanbul (BIST) in trading volume in April, closed the first half of 2025 as the exchange’s most valuable company.