Liquidity Unlocked: DAPGM and MAGEN Return to Full Trading on Borsa İstanbul

Trading restrictions imposed under Borsa İstanbul's oversight mechanisms are coming to an end for two key companies, removing the barriers for investors.

From Regulatory Grip to Free Market Dynamics

With the expiration of the measures implemented by the Capital Markets Board and Borsa İstanbul, the companies that will regain full liquidity in the market have been identified. The shares whose restrictions end as of today are:

■Dap Gayrimenkul Geliştirme A.Ş. (DAPGM)

■Margün Enerji Üretim Sanayi ve Ticaret A.Ş. (MAGEN)

Volatility Expectations and the Price Discovery Phase

The lifting of these restrictions is expected to trigger activity particularly among retail investors, initiating a critical "price discovery" period for the shares to reach their true market value. The following dynamics are expected to dominate the first trading days:

■Sudden price movements resulting from the influx of accumulated buy/sell orders.

■A significant surge in trading volumes.

■Institutional investors reassessing their positions within their risk management frameworks.

While the removal of restrictions may increase volatility in the short term, it is positive for ensuring market efficiency in the medium term. However, considering the contraction in commercial credits and high financing costs, I believe investors should focus not only on trading ease but also on the companies' debt structures and cash flow statements. An increase in liquidity, if not supported by fundamental analysis, brings speculative risks.