The Dollar is trading around 38 lira on the first trading day of the week. Meanwhile, the Euro/TL is changing hands at 41.32.

The fluctuations in the stock market and foreign exchange are closely monitored following the arrest of Istanbul Metropolitan Municipality Mayor Ekrem İmamoğlu. The Dollar/TL is trading at around 38 levels on the first trading day of the week. The Euro/TL, on the other hand, is changing hands at around 41.32. Last week, after İmamoğlu was detained, the Dollar reached 41 lira, and the Euro hit 45 lira. Sales had picked up on the Istanbul Stock Exchange. The BIST 100 had dropped to 9,000 points with a close to 15% value loss last week.

ECONOMIC MANAGEMENT MOBILIZES
Due to possible fluctuations in the markets, some steps were taken yesterday. Treasury and Finance Minister Mehmet Şimşek stated, “We are at our duty. We will continue to take all necessary steps for the healthy functioning of the markets.” A technical meeting was held between the Central Bank and the Banks Association of Turkey. It was stated that all necessary measures would continue to be taken effectively and decisively within market rules to maintain stability.

SHORT SELLING BANNED
Short selling was banned on the Istanbul Stock Exchange for a month, and decisions were announced to facilitate share buybacks. The order/trade ratio (OTR) in the equity market was reduced from 5:1 to 3:1 between March 24, 2025, and April 25, 2025 (until the end of the session). The threshold value overrun fee for the order/trade ratio was increased from 0.25 TL to 0.50 TL as of March 24, 2025. It was mentioned that this practice aims to narrow down the trading operations of algorithms.