FINANCIAL MARKETS - KATLM "Participation Index" for the IMKB/ISE Istanbul Stock Exchange

 As from Jan 6, 2011 a new "Participation  Index" (KATLM) will be listed on the IMKB/ISE Istanbul Stock Exchange, sponsored by the 4 Turkish Participation Banks (Albaraka Turk, Bank Asya, Kuveyt Turk and Turkiye Finans) and advised by BMD Bizim Menkul Degerler.

There is an industry screening and financial screening (max 30 % interest bearing debt - max 30 % cash and interest bearing receivables - max 5 % non permissible income model) that is further narrowed down to the 30 biggest companies listed (details HERE).

Unfortunately, the index apparently only targets the interests of Turkish investors, since the website uniquely caters for a Turkish speaking audience.

To give you an idea of the initial industry spread, see hereunder:

Adana Çimento (A) (cement)

Afyon Çimento (cement)

Akçansa (cement)

Albaraka Türk (financial)

Aygaz (energy – gas)

Bagfaş  (chemical)

Bankasya (financial)

Bim Mağazalar

Bursa Çimento (cement)

Çimsa (cement)

Deva Holding (medical)

Doğuş Otomotiv (automotive)

Emlak Konut GMYO (real estate)

Enka İnşaat (real estate)

Ford Otosan (automotive)

Gübre Fabrik. (chemical)

Kartonsan (carton)

Koza Altın (gold)

Mardin Çimento (cement)

Mondi Tire Kutsan (packaging)

Netaş Telekom. (telecom)

Nuh Çimento (cement)

Petkim (petro chemic)

Pınar Et Ve Un (meat and flower)

Pınar Süt (dairy)

Sinpaş GMYO (real estate)

Trakya Cam (mirror)

Türk Telekom (telecom)

Türk Traktör (automotive)

Vestel Beyaz Eşya (white goods)

Source : http://www.katilimendeksi.org