An investigation regarding unusual price movements in Borsa Istanbul has resulted in the detention of 17 individuals.

The Istanbul Public Prosecutor’s Office initiated an investigation on February 23 regarding manipulative price movements in the stock market.

Teams combating financial crimes conducted operations in different cities related to the identified individuals.

It was reported that 17 individuals have been detained within the scope of the investigation, which is still ongoing.

WHAT HAPPENED? Reports were made in February regarding unusual price movements in Borsa Istanbul. Upon receiving these reports, the Public Prosecutor’s Office took action and initiated an investigation. The Capital Markets Board (SPK) announced that it had put all institutions’ transactions under examination. In the statement made by the SPK, it was mentioned that necessary legal actions/examinations have been promptly started against those who create purposeful and misleading news causing unusual price and volume movements and those who propagate this news.

Following sudden drops, Borsa Istanbul decided to implement the uptick rule in short sales transactions in the BIST 50 index.

CURRENT SITUATION IN THE STOCK MARKET

In Borsa Istanbul, the BIST 100 index rose nearly 4% yesterday after the inflation data and surpassed the 10,000 point threshold for the first time in about a month.

The index traded horizontally at 9,905 points today.