You can easily make short and long-term stock investments through Kuveyt Türk.
What Are Stocks?
A stock is a negotiable instrument issued by a joint stock company and represents capital shares.
How to Open a Stock Account?
- Kuveyt Turk Participation Bank is an agent of Vakıf Yatırım Menkul Değerler.
- You can open your stock account at any time via Kuveyt Turk Mobile.
- You can also make transactions through TradePlus and Kuveyt Türk branches for account opening.
- In addition to account opening through TradePlus, you can follow the prices of Equity Securities free of charge and instantly, as well as perform buy-sell transactions.
- You can get detailed information about special services related to stock and commission rates applied at our branches.
- For transactions, you can also call Vakıf Yatırım Menkul Değerler A.Ş. Call Center at 0850 222 77 72.
Advantages of Investing in Stocks
- Through stocks, you can earn short and long-term, high income. This type of investment instrument has the potential for stable, regular, and high returns. However, you can also make losses if the shares lose value.
- Investing in shares gives you the right to receive a share of the company's annual net profit (dividend).
- In securities investment trusts, the withholding tax rate applied to income from stock trading is 10%. Except for other stocks, the rate is 0%.
Compliance with Stock and Participation Finance Principles
- Stock selection is based on the Participation Index Rules established in line with the principles of Participation Finance.
- The index includes companies excluded from the fields of activity listed below:
- Interest-based finance, trade, services and brokerage
- Alcoholic beverages, gambling, games of chance
- Pork and similar food
- Press, broadcasting, advertising, tourism and entertainment
- Tobacco products and weapons
- Forward gold, silver, and foreign exchange trading
- The finance ratios of the companies to be included in the index should not be less than the amounts listed below:
- 30% for the ratio of total interest-bearing financing to market capitalization
- 30% for the ratio of interest-bearing cash and marketable securities to market value
- 5% for the ratio of income from the fields of activity mentioned in the first two articles to total income
- The compliance of the stocks traded in Borsa Istanbul with the Participation Index criteria is checked twice a year by Kuveyt Türk based on the companies' 6 and 12-month balance sheet periods.
- As a result of the review, only the sale of stocks that are determined to be non-compliant with the index criteria for two consecutive periods is permitted. Shares in this position cannot be purchased through Kuveyt Türk until index compliance is achieved.
- Visit the official website of the PDP for stock adjustment rates.
Stock Market Trading Hours
| National Market, Second National Market, New Economy Market and Fund Market | |
|---|---|
| Order Collection for the Morning Opening Session (*) | 09:40 - 09:55 |
| Pairing/Pricing | 09:55 - 10:00 |
| Continuous Transaction | 10:00 - 13:00 |
| Midday Single Price Session (Order Collection) (*) | 13:00 - 13:55 |
| Pairing/Pricing | 13:55 - 14:00 |
| Continuous Transaction | 14:00 - 18:00 |
| Closing Session Order Collection | 18:01 - 18:05 |
| Pairing/Pricing | 18:05 - 18:08 |
| Transactions from the Closing Price | 18:08 - 18:10 |
- Stock settlement is carried out by BIST Takas ve Saklama Bankası A.Ş. (Takasbank), the only authorized institution in Turkey.
- The settlement day is T+2. In other words, it is the second business day following the transaction.
- Transactions are executed on a cash-against-delivery basis.
Frequently Asked Questions
How can I open my stock account at Kuveyt Turk?
You can open your stock account at any time via Kuveyt Türk Mobile.
Our Kuveyt Türk branches are Vakıf Yatırım agents. You can also open a Vakıf Yatırım account by visiting the nearest Kuveyt Türk branch.
Are there any opening and maintenance fees for stock accounts?
There are no opening, custody, or maintenance fees for accounts opened at Kuveyt Türk. The only bonuses, rights issues, dividend commissions determined by MKK, and order cancellation commissions determined by Borsa Istanbul are charged.
What is your commission rate?
In stock trading, a commission of two per thousand (0.02%) of the realized transaction volume, excluding BITT, is charged.
In which time periods and through what channels can I make transactions?
You can easily carry out your transactions from Kuveyt Türk Mobile, Internet Branch, and TradePlus.
I have a balance in my current account. Can I buy stocks?
You need to transfer money to your investment account number to purchase stocks. You can make the transfer via the inter-account transfer method through all Kuveyt Türk channels. Alternatively, you can choose the "To My Investment Account" option in the Investment menu on digital channels.
Which stocks can I buy and sell?
Only stocks that comply with the Participation Index rules can be traded through Kuveyt Türk Mobile and Internet Branch channels. There are no restrictions on sales.
Which stocks can I buy and sell?
Only stocks that comply with the Participation Index rules can be traded through Kuveyt Türk Mobile and Internet Branch channels. There are no restrictions on sales.
How is the stock purification process performed?
You can access the stock purification rates by visiting the official PDP website.
Can I make financed transactions and short sales? Can I have an additional intraday purchase limit defined? Are my equity assets accepted as collateral?
We do not provide intermediation for financed buying and short selling of equities. We do not have an intraday additional purchase limit application. Stocks held in accounts are not accepted as collateral.
Can I make changes after placing an order?
The order that has not yet been executed on the market can be improved, aggravated, and canceled. Cancellations incur fees according to the commission tariff determined by Borsa Istanbul.
Is there any fee charged by the Exchange for order improvement, aggravation, and cancellation?
No commission is charged for order improvement. Fees determined by Borsa Istanbul are charged for order aggravation and cancellation.
When I sell a stock in my account, is the money automatically transferred to my bank account?
The total amount of the stock sale is credited to your investment account extension number on T+2 (settlement day). You can transfer the deposited amount to your current accounts by inter-account transfer.
How is the cost of stocks in the portfolio calculated?
Due to tax legislation, the cost calculation is made according to the First In, First Out (FIFO) rule. In the cost calculation of shares transferred from other institutions, the cost information of the incoming institution is also taken as basis.
What is Gross Settlement?
Gross settlement practice prevents the sale of a purchased share on the same day. Purchases and sales of shares subject to gross settlement are not included in the available balance until the settlement day.
Can I transfer my shares from another brokerage house to my Vakıf Yatırım account at Kuveyt Türk?
It is possible to transfer to your investment account at Vakıf Yatırım with the instructions you give to the intermediary institution. Your Vakıf Yatırım number is required as the account recipient. You can learn the relevant number from the Transaction Report Form sent to your e-mail address or from your branch.
How long does it take to transfer securities?
Depending on the intensity, the transaction usually takes place within two business days. If the settlement of the security to be transferred has not been realized, it is waited until the settlement day. The securities for which a transfer request is made should not be sold.
Do you charge a transfer commission? How can I transfer my shares to another institution?
There is no fee for transfers. For transfer requests, you need to initiate the process by contacting your branch. Requests received directly by Vakıf Investment are not accepted.
Can I trade sub-lot shares?
Sub-lot shares can be disposed of by transferring them to other institutions. They cannot be sold in our accounts at Vakıf Yatırım by any means other than transfer.
Is investment advisory service offered for stock transactions?
Investment advisory services are not provided for accounts opened at Vakıf Yatırım. However, you can benefit from the content prepared by Vakıf Investment Research and Strategy Directorate.
How can I access Vakıf Investment's strategy reports?
You can access all report contents at www.vkyanaliz.com and subscribe to receive them regularly at your e-mail address.