Borsa İstanbul AŞ announced that the up-step rule will continue today in short selling transactions, which started to be implemented on December 50 for the stocks in the BIST 20 index.
In the statement published on Borsa Istanbul's Public Disclosure Platform (KAP), it was reminded that in accordance with the decision of the Capital Markets Board, 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 upward step rule in short selling transactions applied in the 20-24 December period for the said shares would continue in today's session as well.
“The short sale transaction in the stocks that can be short-selled can be executed at a price higher than the last transaction price of the capital market instrument that will be subject to the short sale. 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 made during the day without owning and closed with the purchases made on the same day 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.