BIST Increasing YATAS.E 4.57 15.40 % ARMDA.E 11 13.99 % ISFIN.E 2.48 10.22 % AKFGY.E 1.54 10.00 % YBTAS.E 2358 9.67 % Decreasing DENGE.E 1.8 -11.76 % LOGO.E 31 -10.25 % ULKER.E 15.69 -8.99 % BRSAN.E 7.79 -8.57 % TCELL.E 10.79 -8.56 % VIOP Most Change O_USDTRYKE0818P4750 % 44900,00 O_USDTRYKE0818P4500 % 31900,00 O_USDTRYKE0818C7350 % 1224,32 O_USDTRYKE0818P4700 % 900,00 O_USDTRYKE0818C7000 % 850,62 Highest Open Position F_XU0300818 365.881 F_USDTRY0818 305.952 F_YKBNK0918 167.025 F_USDTRY1218 66.231 F_VAKBN0818 65.291

BIST LEVERAGED INDICES


The objective of leveraged indices is to reflect the return of a reference index (underlying index) by multiple of the leverage factor in the same direction. It is assumed that, leverage is obtained by borrowing money and investing more in underlying index. The borrowing costs of the leverage is supposed to be on daily repo interest rates. Thus, the index is calculated by deducting the borrowing cost (return on BIST-KYD Repo (Net) Index) from the return on underlying index.


BIST SHORT INDICES


The objective of short indices is to reflect the return of a reference index (underlying index) by multiple of the leverage factor in the opposite direction. It is assumed that, short position is obtained by borrowing equities in underlying index, selling them short, and investing the fund generated, in repo. Thus, the index is calculated by adding the return on lending (BIST-KYD Repo (Net) Index) to the return on underlying index.

BIST Leveraged and Short Indices:

BIST Leveraged and Short Indices

Underlying Index

Leverage Factor (LF)

BIST 100 Short

BIST 100

-1

BIST 100 Short 2X

BIST 100

-2

BIST 100 Leveraged 2X

BIST 100

2

BIST 30 Short

BIST 30

-1

BIST 30 Short 2X

BIST 30

-2

BIST 30 Leveraged 2X

BIST 30

2


Indices are calculated from the closing values of underlying index and repo index. Base date of the indices is April 1, 2016 and base values are 1000.


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BIST Leveraged and Short Indices Ground Rules


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