In the stock market, the 'step up rule' in short selling will still apply today
Borsa İstanbul AŞ announced that the up step rule in short selling transactions applied on September 14-23 for the stocks in the BIST 50 index will continue in today's session.
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 to apply the step-up rule in short selling transactions for the said shares, which was introduced on September 14-23, in today's session as well.
"The short sale transaction in the stocks where short sale can be made can be carried out at a price higher than the most recent transaction price of the capital market instrument to be subject to short sale. However, if the latest price of the capital market instrument subject to short sale is higher than the previous price, Sales transaction can also be made at the price level that was last realized.Since the sales made during the day without owning and closed with the purchases made later on the same day are also within the scope of short selling, due attention should be paid to the forwarding of orders for such sales by our investors and investment institutions by marking the short selling option. And it's important to take care of yourself."