Borsa Istanbul opens after one-hour-delay

ISTANBUL

The Monday opening session of the National 100 Index of the Borsa Istanbul, Turkey’s Stock Exchange, has been postponed due to the “technical problems,” officials have said. DAILY NEWS photo

The Monday opening session of the National 100 Index of the Borsa Istanbul, Turkey’s Stock Exchange, was postponed due to the “technical problems,” officials said. The Borsa Istanbul has then been opened by around 1.82 percent decrease in comparison to Friday.

The starting time of the Borsa Istanbul (BIST) was the subject of discussion after Turkish Prime Minister Recep Tayyip Erdoğan’s blaming of a “high interest-rate lobby” for causing volatility in financial markets yesterday in Ankara during a series of meetings.

A series of BIST sessions, however, had been postponed or cancelled earlier due to the technical problems.

The Borsa Istanbul plummeted by 4.7 percent on June 6, then rebounded 1.6 percent to 75,854 on Friday morning and closed the day at 78.332. BIST had plummeted to 10.47 percent, the lowest slide for the last decade, on the first day of the week on June 3, due to the protests and harsh response by the police forces, analysts had said. There was a $1 billion loss at the stock exchange for the whole week.