Turkey banned short selling across all stocks and eased share buyback rules to prevent further losses in the country after the benchmark index plunged last week following the arrest of President Recep Tayyip Erdogan’s main electoral rival that led to fears of economic instability in the country, writes The National.
The new rules will continue to remain in effect until the end of trading session on April 25, Turkey’s markets regulator Capital Markets Board of Türkiye said. The new restrictions broaden a previous ban that limited short selling to only the top-50 listed companies.