Kontrolmatik’s Rise and Fall Burns Turkey’s Retail Traders

Small-time investor Riza Gundogdu thought he had found the next Tesla Inc. early last year when he invested in shares of Kontrolmatik Enerji ve Muhendislik AS.

By Patrick Sykes, Tugce Ozsoy and Ugur Yilmaz · Bloomberg Markets

Small-time investor Riza Gundogdu thought he had found the next Tesla Inc. early last year when he invested in shares of Kontrolmatik Enerji ve Muhendislik AS.