GDANSK, Feb 3 (Reuters) - An uptick rule in short sale
transactions will be put into effect when the main BIST 100
share index drops 3%, Borsa Istanbul said in a
statement on its website on Thursday.
The new regulation came after the main BIST 100 share index
closed 5.29% lower at 4,713.39 points on Wednesday.
"It has been decided that an uptick rule in short sale
transactions will be applied automatically until the end of the
session if the BIST 100 falls 3% or more from the previous day's
close," Borsa Istanbul said in a statement, adding that the new
regulation was going into effect on Friday.
(Writing by Canan Sevgili;
Editing by Daren Butler)
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