Pay Senedi Fiyatının Belirleyicilerinin Tespit Edilmesi: Bist-100 ve Bist-30 Borsa Endeksi’nde Karşılaştırmalı Bir Uygulama.

Stock markets have many basic functions such as providing liquidity to an economy, spreading capital to the base, facilitating structural changes in the economy and creating resources for the economy. Therefore, it is important to determine the macroeconomic factors that affect the stock market prices. The aim of this study is to determine the determinants of the stock price and to compare the factors affecting the price of Borsa İstanbul-100 and Borsa İstanbul-30 Index. The data regarding the model of the study includes the range of 2011/Q1-2022/Q3 and consists of 47 quarterly data. In the study, BIST-100 and BIST-30 index prices are explained as variables representing stock prices, and as explanatory variables; Dollar/TL rate, interest paid on time deposits up to 3 months, gold ounce price and European Brent oil price are used. The existence of a long-term relationship between the variables was determined by the Johansen cointegration test. It has been determined that there is no significant difference for the two stock market indices. [ABSTRACT FROM AUTHOR]