Browsing by Subject "Value - weighted"

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    Selecting the most suitable index for the Istanbul Securities Exchange
    (1990) Köstem, Alper
    This study examines the security market indicators in the foreign stock exchanges and in the Istanbul Securities Exchange (ISE) stock and proposes an index that may be the most suitable one for the ISE. The observations of the old ISE index and the new ISE index showed that they both have important probieme in reflecting the return of an average investor. The OLD ISE Index representing the result of a "no skill investment strategy", and the ISe companies. However, in calculating the return or an average investor correctly, the amount of publicy owned stocks are important.