24.04.2025 12:01
Following the 6.2 magnitude earthquake in Istanbul, there was a significant influx of investments in cement stocks on Borsa Istanbul. It was revealed that many cement stocks started the session with substantial increases this morning, with some of them trading at the upper limit.
The 6.2 magnitude earthquake that occurred in Istanbul caused great fear. So much so that some citizens, not wanting to enter their homes, had to spend the night outside. After the earthquake, some citizens spent the night in school yards, parks, gyms, and mosques.
Following this tremor in the megacity, a striking picture emerged on the first trading day at Borsa Istanbul. Yesterday, due to the National Sovereignty and Children's Day on April 23, no transactions took place domestically, while on Thursday morning, the BIST 100 index at Borsa Istanbul started the day with an increase of 0.45% at 9,353.61 points. Gains were also observed in the banking and holding indices. It was noted that the sector, criticized for disruptions in communication infrastructure during the earthquake in Istanbul, suffered losses.
SHARED AS A "SHAMEFUL PICTURE"
Among the sector indices, the most profitable was the stone and soil sector, with an increase of 3.89%. However, the shares of companies supplying cement to the construction sector have long surpassed the BIST 100 index. It was revealed that many shares in the sector started the session with significant increases, with some being traded at the ceiling price.
While the situation provided profits for those who bought shares of construction companies, it also brought discussions. Social media users criticized that while millions were concerned about their lives, some were focused on making money, interpreting this behavior as a shameful picture.