Kordsa Global listed in Istanbul Stock Exchange 100 Index
The world's leading nylon and polyester yarn, cord fabric and single end cord producer, Kordsa Global entered the Istanbul Stock Exchange 100 Index listing as of July 1, 2015.
20% of Sabancı Holding’s Kordsa Global shares are traded in Istanbul Stock Exchange, and the company’s trading volume reached 29%, marking an increased market value for Kordsa Global. With this success Kordsa Global has entered for the first time in the BIST 100 index. The company will be listed in BIST 100 from July 1 to September 30. Increased investor interest in Kordsa Global’s growth was one of the key factors in this success. Trading volume and continuous growth in the past six months, in addition to volume and pricing stability, Kordsa Global aims to earn a permanent listing in Istanbul Stock Exchange 100 index.
BIST 100 index is the basis for Istanbul Stock Exchange’s trading market, seen as a barometer of the market. As of 1 July 2015, Kordsa Global will have an effective impact on market evaluation.
By being listed in BIST 100, Kordsa Global increased brand awareness and will draw attention from investors on an increasing rate. As a result of investor interest, market value and volume indices of a company located in the index is higher than unlisted companies. The index constitutes a weighted share in investment funds, which will enable Kordsa Global's shares to be traded by investment funds as of July 1, 2015. Investment fund activity is also expected to contribute the performance growth of Kordsa Global indirectly.