Turkey lifts ban on short selling 09 December 2024Turkey Reporter: Carmella Haswell
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The Capital Markets Board of Turkey has announced that the region’s 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 “press the short selling button for positions sold without being owned during the day and closed on the same day”.
This is in accordance with Articles 24 and 28 of the Board’s Communiqué on Margin Purchase, Short Selling and Borrowing and Lending Transactions of Capital Market Instruments, Series: V, No:65.
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