MSCI said on Tuesday it would not proceed with the addition of three Turkish small-cap stocks to its MSCI Turkey Small Cap Index for the August 2026 review cycle, following feedback from market participants and further assessment of investability issues.
The index provider cited concerns raised by investors regarding free-float levels and trading practices in the Turkish market as a key factor in its decision. MSCI will continue to evaluate Turkish securities on a case-by-case basis whenever such concerns emerge, it added.
The three stocks initially proposed for inclusion were Tera Yatirim, Tera Finansal Yatirimlar and Kardemir (B), all listed on the Borsa Istanbul (BIST). The move follows heightened scrutiny of the Turkish market by MSCI, which has intensified in response to investor feedback about market accessibility and liquidity conditions.
