
Istanbul bourse trading halted for second time with benchmark index down 7pc
Wednesday, 8 February 2023
Trading on the Istanbul stock market was halted for a second time on Tuesday as a market-wide circuit breaker kicked in following heavy losses in the wake of Monday's devastating earthquake in Turkey and neighbouring Syria, reports Reuters.
The second circuit-breaker was issued at 1004 GMT, with the benchmark BIST-100 index down 7.01 per cent and the banking index down 6.41 per cent.
The stock market said trading was due to resume at 1034 GMT.
On Monday, the BIST-100 tumbled as much as 4.99 per cent before circuit breakers came into effect, suspending trading in dozens of shares, and trading volumes remained at a fraction of last week's average at 21 billion lira ($1.12 billion), according to a research note from Ziraat Yatirim.
The magnitude 7.8 quake that hit Turkey and Syria early on Monday toppled thousands of buildings and left thousands of people injured or homeless.