Short Sale Ban Imposed on the Stock Exchange Ends
The short sale ban on Borsa İstanbul, which has been implemented since 28 February, is about to end. According to the information received, the automation works at Takasbank have come to an end.
This will open the way for the active operation of the borrowed securities market.
It is stated that with the operation of the automation system, it will be possible to sell short in BIST-30 shares at the first stage, and then the application will restart in all stocks.
The short-selling ban was put into effect for 7 banks in October when we left behind for the first time. Then, in February, a short-selling ban was imposed on the entire stock market.
MSCI also said in a statement on June 24, “the extension of capital controls or take a firmer state” if Turkey can draw from the developing countries had indicated classification.
The BIST-100 index has increased by 7 percent since February 28, when the short-selling ban was spread to the entire share market.