MARKET INFORMATION
Borsa Istanbul

Trading Hours

 

 

Order Collection

09:40 - 09:55

Uncrossing 

09:55 - 10:00

Continuous Trading

10:00 - 18:00

Margin Broadcast for Closing

18:00 – 18:01

 

Auction Uncrossing

18:05

Margin Broadcast

18:07 – 18:08

 

Trade at Last

18:08 - 18:10

Time Zone

GMT +3

Trading Currency

Turkish Lira (TRY)

Main Index

Index name 

Borsa Istanbul 100 Index

Reuters code

.XU100  

Bloomberg code

XU100 Index

Exchange Code

Reuters

IS

Bloomberg

TI

Trading ID

Post allocation SSI's

Settlement Cycle

T+2

Current Index Status

MSCI EM - FTSE FM

Market Cap

$249bn

Average Daily Value Traded
YearAVG VALUE TRADED

2023

$4.1bn

2024

$2.9bn

2025

$2.9bn

MARKET DYNAMICS
Stock Limit
Up/Down
+/- 10% from the previous day's close.

5% move from the opening price of a stock is the threshold to trigger a stock specific circuit breaker.
Trading will halt for 15min and 2 min matching.
Tick
Size

TRY 0.01 to 19.99 - 0.01
TRY 20.00 to 49.98 - 0.02
TRY50 to 99.95 - 0.05
TRY100 to 249.90 - 0.10
TRY250 to 499.75 - 0.25
TRY 500 to 999.50 - 0.50
TRY1000 to 2499 - 1.00
TRY 2500 and up - 2.50              

Board
Lot
1 share
Index Circuit Breakers
  • The Market-Wide Circuit Breaker System (MWCBS) will now be triggered once when the BIST 100 Index declines by 6% or more compared to the previous day’s closing (instead of the former 5% / 7% two-stage structure).
  • The suspension period under the MWCBS has been shortened:

  – Equity Market instruments will be suspended for 10 minutes (previously 20 minutes).

  – Derivatives Market instruments will be suspended for 20 minutes (previously 30 minutes).

  • If the MWCBS is triggered within the last 30 minutes of the Equity Market continuous trading session (from 17:30 onwards), trading will resume with the closing session.
  • In the Derivatives Market, if the MWCBS is triggered after 17:30, trading in equity and index-based contracts will resume at 18:08 with the VIOP_SUREKLI_MZYD session.
  • The uptick rule threshold for short selling transactions based on the BIST 100 Index decline has been reduced from 3% to 2% and will apply until the end of the session.
Official
Closing Price
Auction uncrossing price
Crosses
  • First level: The minimum amount required for trade reporting is TRY 10 million and the maximum amount is TRY 50 million.

Within this range, trade reporting can be realized within ±6% price limits over the last trading price of the related share, provided that the daily price limits are not exceeded.

 

  • Second level: The minimum amount required for trade reporting is TRY 50,000,001 and the maximum amount is TRY 250 million.

Within this range, trade reporting can be realized within ±10% price limits over the last trading price of the related share, provided that the daily price limits are not exceeded.

 

MARKET REGULATIONS
Foreign Ownership Restriction
There are no restrictions on foreign portfolio investors trading in the Turkish capital markets.
Disclosure Rules
At every 5% ownership, a public disclosure is required. Also going below 5% investors have to report.
Securities Lending
Allowed. Verified In the Takasbank Securities Lending Market >> https://www.mkk.com.tr/en
Short selling
Permitted in BIST50 shares
MARKET FEES & TAXES
Market Fees  0.25bps 
Capital Gain Tax  None
Withholding Dividend Tax  None