The ‘step up’ rule in BIST 50 will continue today

The ‘step up’ rule in short selling for stocks in the BIST 50 index will still be valid today. The short sale transaction in the said shares will be carried out at a price higher than the most recent transaction price of the capital market instrument that will be subject to the short sale.

In the statement of Borsa Istanbul on the Public Disclosure Platform (KAP), it was reminded that in accordance with the Capital Markets Board decision, short selling transactions can be made in the stocks in the BIST 50 index.

In the statement, it was stated that it was decided that the up step rule in short selling transactions applied in the 20-31 December period for the aforementioned shares would continue in today’s session, and the following was noted: However, if the latest price of the capital market instrument subject to short sale is higher than the previous price, the short sale transaction can also be made at the last price level. Since the sales closed with the purchases made are also within the scope of short selling, it is important to show the necessary care and diligence in transmitting the orders for such sales by our investors and investment institutions by marking the short selling option.

Source: Dünya Gazetesi by

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