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.

Following the arrest of Istanbul Metropolitan Municipality (IBB) Mayor Ekrem İmamoğlu, there is close monitoring of movements in the stock and foreign exchange markets. The Dollar/TL is trading around 38 levels on the first trading day of the week. The Euro/TL, on the other hand, is changing hands around 41.32. Last week, after İmamoğlu was taken into custody, the dollar hit 41 lira, and the euro reached 45 lira, breaking records. There was also an acceleration in sales at Borsa Istanbul. The BIST 100 had dropped close to 9,000 points with a loss of over 15% last week.

ECONOMIC MANAGEMENT TAKES ACTION
Due to possible market volatility, 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 emphasized that all necessary measures within market rules would continue to be effectively and resolutely used to maintain stability.

SHORT SELLING BANNED
Short selling was banned for a month at Borsa Istanbul, and decisions facilitating share repurchases were announced. The order/trade ratio (OTR) in the share 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 excess fee for order/trade ratio was raised from 0.25 TL to 0.50 TL starting from March 24, 2025. This practice aims to limit algorithmic trading operations.