Stocks are securities issued by joint-stock companies that represent ownership shares in the company’s capital. Owning a stock confers equity rights; it does not create a debtor–creditor relationship.

Shareholders are entitled to several fundamental rights, including:

• Voting Rights: The right to vote on major corporate decisions, such as electing the board of directors.
• Dividend Rights: The right to receive a portion of the company's profits if dividends are declared and distributed.
• Claim on Assets: The right to a proportional share of the company's assets in the event of a liquidation.
• Right to Information: The right to access company reports and financial statements.

• Higher Return Potential: Stocks can outperform many other investment products.
• Dividend Income: Shareholders may receive a portion of the company’s annual net profit in the form of dividends.
• Ownership in Leading Companies: By investing in stocks, you become a part owner of Turkey’s largest corporations and participate directly in the real economy.
• Capital Gains: You can realize profits by selling a stock at a higher price than you paid for it.

Risk Note: Because stock prices can decline, investing in equities carries a higher risk of principal loss compared with more conservative instruments

For up-to-date BIST Equity Market trading hours,click here.

• Dual-Horizon Returns: Stocks provide opportunities for both quick gains and long-term wealth accumulation.

• Dividend Rights: Investors receive dividend payments if the company’s general meeting approves profit distribution.

• Capital Gains: Profits realized by buying low and selling high. Note that share‐price declines can lead to losses.

You can submit your IPO (initial public offering) requests via:

• Bulls Yatırım branches
• Bulls Yatırım’s online channels
• Our call center at:+90 212 410 05 00

Yes. Any unexecuted orders entered online or through the call center can be cancelled.

1. .Hedgers: Investors seeking protection against adverse price movements—whether in securities, foreign exchange, precious metals, or commodities—take positions in derivatives that offset their spot‐market exposures.
2. Speculators: Those aiming to profit from anticipated price moves use futures and options for their leverage potential. Note that leverage amplifies both gains and losses.
3. Arbitrageurs: Traders who execute nearly simultaneous buy and sell orders across two or more markets, instruments, or contract maturities to lock in risk‐free profits.
   

Leverage: You can control a large notional value of contracts by posting only a fraction as initial margin, enabling amplified returns—but also magnified losses compared with spot trading.

Profit from Falling Prices: VIOP allows short selling, so you can open a short position to benefit from price declines.

Tax Efficiency: Gains on futures and options tied to equities or equity indices are exempt from withholding tax (0% stopaj) and need not be declared.

Portfolio Diversification: Derivatives provide instruments linked to various underlying assets, helping spread risk across your portfolio.

Counterparty Safety: All VIOP trades are guaranteed by the clearinghouse (Takasbank), eliminating counterparty default risk.

Margin Interest: Turkish-lira margins held at Takasbank earn interest under favorable conditions managed by Takasbank’s Fund Management Services.

Long vs. Short: A long position means you have bought a futures (or call) contract; a short position means you have sold a futures (or put) contract.

Offsetting (“Reverse”) Trades: You can close a position prior to expiry by executing the opposite transaction—selling to close a long, or buying to close a short.

Margin Call (Variation Call): If your margin balance falls below the maintenance requirement, Takasbank issues a margin‐call. You must top up your margin by the specified time on the next trading day—otherwise, positions will be liquidated automatically at market prices to cover the shortfall.

Your account details remain strictly confidential. No third party may access or receive information about your account unless you grant authority via a notarized power of attorney.