Turkey lifts ban on short selling
09 December 2024 Turkey
Image: Givaga/stock.adobe.com
The Capital Markets Board of Turkey has announced that the region鈥檚 short selling ban will be lifted on 2 January 2025.
Previously, a ban on short selling was imposed on Borsa Istanbul (the sole exchange entity of Turkey) equity markets on 6 February 2023.
With this recent decision, the lift of the ban will affect shares included in the BIST-50 index. Restrictions will remain in place on short selling shares outside of that index.
The board says it is mandatory to 鈥減ress the short selling button for positions sold without being owned during the day and closed on the same day鈥�.
This is in accordance with Articles 24 and 28 of the Board鈥檚 Communiqu茅 on Margin Purchase, Short Selling and Borrowing and Lending Transactions of Capital Market Instruments, Series: V, No:65.
Previously, a ban on short selling was imposed on Borsa Istanbul (the sole exchange entity of Turkey) equity markets on 6 February 2023.
With this recent decision, the lift of the ban will affect shares included in the BIST-50 index. Restrictions will remain in place on short selling shares outside of that index.
The board says it is mandatory to 鈥減ress the short selling button for positions sold without being owned during the day and closed on the same day鈥�.
This is in accordance with Articles 24 and 28 of the Board鈥檚 Communiqu茅 on Margin Purchase, Short Selling and Borrowing and Lending Transactions of Capital Market Instruments, Series: V, No:65.
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