Recent Developments In Turkish Capital Markets – February 2023

01 A temporary short selling ban has been imposed on the Istanbul Stock Exchange ("BIST") and the equity and equity index derivative markets have been temporarily closed

A temporary decision has been adopted on BIST equity markets. In this context, as of 6 February 2023, short selling transactions are banned, and positions opened and closed without using the short selling button on the same day are also covered by this ban. Investment institutions are responsible for monitoring and enforcing this decision.

Furthermore, due to the increased volatility and unusual price movements following the earthquake disaster, BIST closed the Equity & Index Derivatives Markets within the Equity Market and Derivatives Market under the framework of the Capital Market Law Regulations, from 8 February 2023 until 14 February 2023, i.e., for a period of five business days, in order to ensure the reliable, transparent, efficient, stable, fair and competitive operation of the markets.