A new practice for short selling is starting in Borsa İstanbul.

Short Selling Upward Step Rule on Borsa İstanbul

Borsa İstanbul made an announcement that will catch the attention of investors. It has been stated that the upward step rule will be applied for short selling transactions until the end of the session. This decision is seen as a precaution against market volatility.

Details of the Announcement

Borsa İstanbul, in a statement made through the Public Disclosure Platform (KAP), said, "As of 16:19:40, due to a 2% change in the BIST 100 Index, the upward step rule will be applied in the transaction queues where short selling can be performed in the Stock Market until the end of the session." This rule will require investors to follow a certain price increase when performing short sales.

Market Effects

Following the implementation, the BIST 100 Index was trading at 10,361.25 points with a decrease of 1.81% as of 16:27. This decline is believed to be influenced by the ongoing trade war tensions between the USA and China, as well as the indictment of Istanbul Metropolitan Municipality (IBB) Deputy Mayor Nuri Aslan concerning "resisting to perform his duties."

Recommendations for Investors

Investors are advised to be cautious about such market regulations and to conduct short selling transactions within the framework of these new rules. The upward step rule may offer new opportunities for those looking to test their investment skills.

The information provided here should not be considered as investment advice. It is important to conduct your own research before making any investment decisions.