Short selling continues upwards in BIST 50

The upward step rule in short selling of stocks in the BIST 50 index will continue to be applied today. It was decided that the upward step rule in short selling transactions applied between September 14-21 in stocks included in the BIST 50 index will continue to be applied in today's session. Accordingly; in stocks that can be short sold, short selling can be carried out at a price higher than the last realized transaction price of the capital market instrument that will be subject to short selling. However, if the last realized price of the capital market instrument subject to short selling is higher than the previous price, short selling can also be carried out at the last realized price level. In Borsa Istanbul's statement, it was stated that since sales made during the day without owning and then closed with purchases made on the same day are also within the scope of short selling, investors and investment institutions were asked to show due attention to the fact that orders for sales of this nature should also be transmitted by marking the short selling option. Borsa Istanbul management had returned to the upward step rule applied to short selling of BIST 50 stocks, which it had applied for a while in the February-March 2022 period and then abandoned, on September 14.