A rise in the stock market index does not necessarily mean that every stock is making gains and vice versa. When the index is rising, some stocks may lose. When it is falling, they may gain.

Another important point is this: The price changes of companies with large capital shares traded on the stock exchange and companies with high stock market capitalization are effective in the rise and fall of the stock market index. Let me give an example. A company’s capital is 100 billion TL and a share of 1,000 TL is traded for 100 thousand TL. Every day 10 thousand shares change hands. Prices climb 5 percent every day.

On the other hand, there are 5-6 companies with a capital of 10 billion TL. Their 1,000 TL shares are traded at 3-4 thousand TL. The number of shares of these 5-6 companies changing hands every day is around 1 O thousand in total. Their prices stay where they are. Sometimes they even go down.

In terms of the structure of the index and the way it is calculated, our Stock Exchange Index will give the appearance that the prices in the stock market are in a continuous upward trend because the stocks of a single large-capitalized company, which have reached a very high unit price, are traded a lot and their prices climb by around 5 percent every day.