When does the Turkish stock market open?

According to the report of Fars News Agency’s International Economic Reporter, citing Bloomberg, knowledgeable sources announced that the Istanbul Stock Exchange is still closed and its activity may start tomorrow.

After the occurrence of two major earthquakes in Turkey last week, in the first step, the stock exchanges of companies located in the earthquake-affected areas were stopped, and then the Turkish authorities decided to completely close the activity of the Istanbul Stock Exchange due to the formation of heavy sales queues.

The Turkish authorities also plan to take measures to help the growth of the stock market after the resumption of stock trading in the Istanbul Stock Exchange, including share buybacks and tax exemptions.

Nuruddin Nabati, Minister of Finance and Treasury of Turkey, held a meeting with the officials of the Central Bank, the Board of Directors of the Stock Exchange, the officials of the state banks and the banking activities supervision body in this country and discussed the measures to help the stock market of this country. done. Although the issue of extending the closure of the Istanbul Stock Exchange has been brought up in these negotiations, a definite decision has not been taken yet, and if this decision is not extended, the stock exchange may open tomorrow.

The Istanbul Stock Exchange has been closed since Wednesday last week; Because even before the earthquake, the Istanbul Stock Exchange had recorded the worst performance in 2023 among the stock exchanges of the emerging economies of the world. The earthquake caused tens of billions of dollars to disappear from the value of the Turkish stock market within a few days.

end of message/