FİK Convenes Following Sharp Drop and Circuit Breaker on the Stock Market
Following heavy sell-offs and the activation of the circuit breaker on Borsa İstanbul, the Ministry of Treasury and Finance announced that the Financial Stability Committee will convene.
After losses in the BIST 100 index on Borsa İstanbul exceeded 6 percent and the circuit breaker was triggered, the Ministry of Treasury and Finance announced that the Financial Stability Committee will meet under the chairmanship of Minister Mehmet Şimşek.
Sharp Sell-Offs in the Market
Borsa İstanbul experienced one of the sharpest sell-off days of recent months, partly influenced by developments in the fund market, turning all eyes toward economic management.
Financial Stability Committee Decision
In a press release issued by the Ministry of Treasury and Finance, it was reported that the Financial Stability Committee will meet under the chairmanship of Minister of Treasury and Finance Mehmet Şimşek.
Circuit Breaker System Triggered
When losses in the BIST 100 index exceeded 6 percent, the Index-Based Circuit Breaker System was activated as of 16:04:32, and trading was temporarily halted.
Day's Closing Figures
After dropping as low as 12,817 points during the day, the BIST 100 index partially recovered its losses and ended the day with a 5.54 percent decline at 13,122.58 points.
Liquidity Discussions in Funds
The market volatility occurred during a period marked by intense liquidity discussions and stop-loss transactions concerning Pusula Portföy and Tera Portföy.