Global index provider MSCI said on Monday it had canceled the planned addition of three Turkish small-cap stocks to its MSCI Turkey Small Cap Index following feedback from market participants and further analysis.
The decision affects Tera Yatirim, Tera Finansal Yatirimlar and Kardemir (B), which had been proposed for inclusion in the August 2026 review cycle. MSCI cited ongoing investability concerns in the Turkish market as the reason for the reversal, noting heightened scrutiny over free-float levels and trading practices.
The index provider said it would continue to evaluate Turkish assets on a case-by-case basis when investability concerns arise, maintaining its cautious approach to market access in the country. MSCI did not provide a revised timeline for the potential inclusion of these or other Turkish small-cap stocks in its indexes.
