Sadettin Saran is the new president of Fenerbahçe: Ali Koç lost, shares fell

Following the extraordinary elective general assembly held at Fenerbahçe Sports Club, Fenerbahçe shares (FENER) traded on the stock exchange lost value, while Koç Holding shares (KCHOL) showed an increase. This change has drawn the attention of investors.

Sadettin Saran, who was elected as the 38th president of Fenerbahçe by receiving 12,325 votes at the general assembly, took over the duty from Ali Koç. Ali Koç placed second in the election with 12,068 votes.

FENER shares, which started the first trading day after the election at 13.28 liras, retreated to 12.81 liras due to increasing selling pressure during the day. The lowest level seen during the day was 12.62 liras, and the highest was 13.35 liras. Analysts state that the steps to be taken by the new management are being closely monitored by investors.

At the same time, Koç Holding shares showed an increase of approximately 3 percent. Experts explain this rise with the company's strong financial performance and the continued confidence of investors.

Stock market experts emphasize that the decline in FENER shares may be due to short-term reaction sales, but in the long term, the steps taken by the club's management will be decisive on the price. The rise in Koç Holding shares is shaped in line with the company's current performance and market expectations.

While investors are closely following Fenerbahçe and Koç Holding shares, stock market observers point out that market volatility may increase in the coming weeks.

News Source: 12punto