Turkey’s leading low-cost carrier, Pegasus Airlines, commenced trading its shares in the 30 Index (BIST 30) of Borsa Istanbul (BIST), Turkey’s National Stock Exchange, on 1 October 2013, following the changes to the BIST 30 Index in the fourth quarter of 2013.
Pegasus Airlines entered Borsa Istanbul and began trading with the code ‘PGSUS’ on 26 April 2013. Following a periodic evaluation, Pegasus Airlines’ shares are now being traded at the BIST 30 Index.
Following the IPO, Pegasus was one of the main catalysts for the increase in the volume of the BISTIPO index*by an average of 52.50%. Chairman of Pegasus Airlines, Ali Sabanci, commented, “We are incredibly proud of being listed in the BIST 30 Index among the largest corporate companies in Turkey within just six months of commencing trading. As of 1 October, Pegasus has now entered Borsa Istanbul’s ‘Premier League’, which is the greatest indicator of its on-going success.”
*BIST IPO Index: This index is composed of the equities of companies that are publicly offered and have started to be traded on the Turkish National Stock Exchange. Companies are included in BIST IPO Index on the first trading day and remain in the index for 2 years. A constituent company is excluded from the Index on the first workday of the 25th month following its first trading day.