MARKET INFORMATION
Borsa Istanbul

Trading Hours

 

 

Order Collection

09:40 - 09:55

Uncrossing 

09:55 - 10:00

Continuous Trading

10:00 - 18:00

Auction Uncrossing

18:00 - 18:07

Trade at Last

18:07 - 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

$184bn

Average Daily Value Traded
YearAVG VALUE TRADED

2020

$3.6bn

2021

$3.4bn

2022

$4.1bn

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 - 19.99  > 0.01
TRY 20.00 - 49.98  > 0.02
TRY 50.00 - 99.95  > 0.05
TRY 100.00 +   . 0.10 
Board
Lot
1 share
Index Circuit Breakers

-5% or above is the first threshold and -7% or above is the second threshold to trigger the MWCB, If the thresholds determined for the MWCB (5% and 7%) are exceeded more than once in a day, MWCB will not trigger for the same threshold for the second time.

Equity market 20min halt, 5min auction, 5min matching

Future contracts will resume trading in 30min, no auction.

If MWCB is triggered btw 17:00 - 18:00 local time > Equity market will resume trading with the closing session at 18:00 local time, futures market will resume trading at 18:08 with a continuous session.

Upon activation of a MWCB, UPTICK RULE will be applied on the short selling transactions for the remaining of the session.

Official
Closing Price
Last traded price. 
Crosses

a) First level: The minimum amount required for trade reporting is 3 million TL and the maximum amount is 30 million TL. Within this amount, trade reporting can be realized within ± 6% price limits over last trading price of the related share.

b) Second level: The minimum amount required for trade reporting is 30.000.001 TL and the maximum amount is 150 million TL. Within this amount, trade reporting can be realized within the ± 10% price limits over last trading price of the related share.

 

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