Investing in Turkey ADRs / Turkish Stocks List

There are two Turkish ADRs or stocks with NYSE or NASDAQ listings: NYSE listed Turkcell Iletisim Hizmetleri AS (NYSE: TKC) is the leading mobile phone operator of Turkey; and NASDAQ listed D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ: HEPS) operates the following eCommerce platforms: Hepsiburada for purchasing a range of products online; HepsiExpress for ordering groceries and essentials; HepsiGlobal for purchasing products from international merchants online; HepsiPay to enable various online payment options; and HepsiFly for purchasing airline tickets online. Other important Turkish stocks have ADRs listed on the OTC.

Previously, there were two NYSE listed Turkey closed-end funds offering investors exposure to equity and/or bond markets in Turkey. The Central and Eastern Europe Fund, Inc (NYSE: CEE) was formerly known as the Central Europe Russia and Turkey Fund Inc (NYSE: CEE). In the past (e.g. 2014), it had a 15% allocation in Turkish stocks (as well as exposure to Russian stocks). However, it now appears the fund no longer invests in Turkish stocks (and is or already has eliminated exposure to Russian stocks).

In addition, the Turkish Investment Fund Inc (NYSE: TKF) was a long-standing Turkish closed-end fund managed by Morgan Stanley Investment Management. However, the fund liquidated in January 2018.

Finally, investors interested in investing in Turkey ADRs should check out our Turkey ETF list as well as our EMEA ETF list, Middle East/Africa ETF list, Middle East ETF list and Middle East ETF (Region Wide) list as some region wide ETFs may invest in Turkish stocks.

Note: Stocks delisted from the OTC (whether due to mergers, acquisitions or for other reasons) have been left in the table (as their websites still provide a good feel for the company and the local market) and may still trade on local or important European (e.g. London, Amsterdam etc) or Middle East (e.g. Dubai) stock exchanges. They may also be holdings of country or region specific ETFs or Indices.  

List of Turkish ADRs Trading on Major US Stock Exchanges & the Over-the-Counter (OTC) Exchange

 CompanyTickerExchange Industry
1AK Sigorta ASAKGRTDelistedInsurance
2Akbank Turk Anonim SirketiAKBDY OTCDarkFinancial Services
3Akbank Turk Anonim SirketiAKBTYOTCQXFinancial Services
4Anadolu Efes Biracilik ve Malt Sanayii AS AEBMYOTCPinkFood & Beverage
5Anadolu Efes Biracilik ve Malt Sanayii AS AEBZYOTCPinkFood & Beverage
6Anadolu Hayat Emeklilik ASAELIY OTCPinkInsurance
7Arçelik ASACKAYOTCPinkConsumer Goods
8Asya Katılım Bankası ASASYABDelistedFinancial Services
9Aygaz AS AYGUYOTCPinkUtilities
10Central and Eastern Europe Fund, Inc (formerly Central Europe Russia and Turkey Fund Inc)CEENYSEClosed-End Fund
11Coca-Cola İçecek AS CCOLADelistedFood & Beverage
12D-MARKET Elektronik Hizmetler ve Ticaret Anonim SirketiHEPSNASDAQeCommerce
13Dogan Sirketler Grubu Holding AS DSGUYOTCPinkDiversified
14Doğan Yayın Holding DYHOLDelistedMedia
15Enka İnşaat ve Sanayi ASEKIVFOTCPinkConstruction
16Enka İnşaat ve Sanayi ASEKIVYOTCPinkConstruction
17Eregli Demir ve Celik Fabrikalari TAS ERELYOTCPinkSteel
18Ford Otomotiv Sanayi ASFOVSYOTCPinkAutomotive
19Hurriyet Gazetecilik AS HURRYOTCPinkMedia
20İhlas Holding ASIHLASDelistedDiversified
21Koç Holding AS KHOLYOTCPinkDiversified
22Koza Altin Isletmeleri AS KOZAYOTCDarkMining
23Koza Altin Isletmeleri AS KOZZFOTCDarkMining
24Otokar Otomotiv ve Savunma Sanayi AS OTKAROTCAutomotive
25Pegasus Hava Tasimaciligi AS PEGHYOTCAirline
26Petkim Petrokimya Holding PETKMDelistedChemicals
27Petrol Ofisi PTOFSDelistedOil & Gas
28Sisecam (Türkiye Sise Ve Cam Fabrikalari)TKKYYOTCPinkBasic Materials (Glass)
29TAV Havalimanları Holding ASTAVHYOTCPinkInfrastructure
30TAV Havalimanları Holding ASTAVHFOTCGreyInfrastructure
31Tekfen Holding ASTKFHYOTCPinkDiversified
32Trakya Cam Sanayii AS TRKCMDelistedBasic Materials
33Türk Hava Yolları (Turkish Airlines)THYAODelistedAirlines
34Turk Telekomunikasyon ASTRKNFOTCPinkTelecommunications
35Turk Telekomunikasyon ASTRKNYOTCPinkTelecommunications
36Turkcell Iletisim Hizmetleri AS TKCNYSETelecommunications
37Turkish Investment Fund, IncTKFLiquidatedClosed-End Fund
38Türkiye Garanti Bankasi AS TKGBYOTCQXFinancial Services
39Türkiye Halk Bankasi AS HALKBDelistedFinancial Services
40Türkiye Sinai Kalkinma Bankasi AS TRKYYOTCPinkFinancial Services
41Türkiye Vakıflar Bankası TAO TKYVYOTCDarkFinancial Services
42Ulker Biskuvi Sanayi AS UELKYOTCPinkFood & Beverage

* EmergingMarketSkeptic.com provides useful information that should not constitute investment advice or a recommendation to invest. In addition, your use of any content is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the content. Read More

Note: If there are any ADRs to add or remove from this list or there are bad links, please write a note in the comments section so it can be fixed. Likewise, adding any other comments or advice would also be appreciated.

The Borsa Istanbul (BIST)

The first Turkish stock market was established in the Ottoman Empire in 1866 under the name of “Dersaadet Securities Exchange.” Today’s Turkish stock exchange, the Borsa Istanbul (BIST), was created in 2013 to combine the Istanbul Stock Exchange (ISE), the Istanbul Gold Exchange and the Derivatives Exchange of Turkey under one umbrella.

Turkish Stocks and Investing ResourcesTurkey ADRs

Here are some useful and mostly English news resources for investing in Turkish ADRs or stocks or about Turkey in general:

For additional resources for investing in Turkey ADRs or stocks, check out all of our Turkey tagged articles/links.

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