Free Trial

TURKEY: Short-Selling Ban on Stocks May Be Lifted Before Year-End

TURKEY
  • Work on ending the shorting ban on Turkish stocks is continuing, BloombergHT report citing market regulator chief Ibrahim Omer Gonul as saying. “We will lift it within a short period of time,” he said, adding that the ban may be lifted before year-end. As a reminder, Bloomberg reported in October that officials were discussing lifting the ban in a bid to attract more overseas capital. The ban was imposed in early-2023 following the earthquakes.
  • Turkey's 12-month household inflation expectation fell to 64.1% in November from 67.2% in October, according to the latest data from the CBRT. The real-sector's 12-month expectations also fell, to 47.8% from 49.5%.
  • There are no other major data releases scheduled for today. Trade balance figures for October will cross on Thursday (Est: -$5.70bn; Prior: -$5.13bn) while Q3 GDP data provides the highlight of the week on Friday (Est: -0.2% Q/Q; Prior: +0.1%).
144 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Work on ending the shorting ban on Turkish stocks is continuing, BloombergHT report citing market regulator chief Ibrahim Omer Gonul as saying. “We will lift it within a short period of time,” he said, adding that the ban may be lifted before year-end. As a reminder, Bloomberg reported in October that officials were discussing lifting the ban in a bid to attract more overseas capital. The ban was imposed in early-2023 following the earthquakes.
  • Turkey's 12-month household inflation expectation fell to 64.1% in November from 67.2% in October, according to the latest data from the CBRT. The real-sector's 12-month expectations also fell, to 47.8% from 49.5%.
  • There are no other major data releases scheduled for today. Trade balance figures for October will cross on Thursday (Est: -$5.70bn; Prior: -$5.13bn) while Q3 GDP data provides the highlight of the week on Friday (Est: -0.2% Q/Q; Prior: +0.1%).