Türkiye's SPK extends short-selling ban until 12 June
Türkiye's Capital Markets Board (SPK) has extended its ban on short-selling at Borsa Istanbul until 12 June 2026. The decision overlaps with a period of Middle East-driven volatility and pressure on the lira. SPK emphasises the goal of safeguarding market stability.
Türkiye's Capital Markets Board (SPK) said it has extended its ban on short-selling of shares and exchange-traded funds at Borsa Istanbul until 12 June 2026. The announcement came the same day that the previous ban window was due to expire. The extension comes during a period of oil-price volatility tied to the Middle East and renewed external pressure on the Turkish lira.
SPK chair İbrahim Ömer Gönül said the ban aims to 'safeguard market stability and investor confidence'. Goldman Sachs economist Clemens Grafe said that, while the ban could contain volatility on the BIST, it may dampen 'price-discovery efficiency' over the longer term. The BIST 100 index closed slightly higher in trade following the announcement.
The Central Bank of the Republic of Türkiye's June Monetary Policy Committee meeting is scheduled for 13 June. JPMorgan's Fatih Akçelik said 'cautious policy steps' should continue, alongside the Treasury and Finance Ministry's debt-auction calendar. This article is sector analysis and not investment advice; readers should consult a licensed financial adviser before making investment decisions.
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