Decision on off-exchange sale of BIST 30 shares in the portfolio of funds in liquidation
Original headlineTasfiyedeki fonların portföyündeki BIST 30 hisselerine borsa dışı satış kararı
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The Turkish Capital Markets Association has notified its members that BIST 30 equities held in the portfolios of funds still undergoing liquidation will be offered for sale off-exchange at November 3 closing prices. The decision covers Turkey's largest and most liquid stocks, routing the sale of liquidated fund holdings outside normal Borsa Istanbul trading rather than through the order book. The move matters because off-exchange block sales at a fixed reference price could absorb supply without directly pressuring intraday BIST 30 quotes, though it may shift price discovery to the November 3 closing levels. What to watch next is the volume of BIST 30 holdings in the affected funds' portfolios, the buyers of the off-exchange blocks, and whether the sales are completed at the fixed closing prices or adjusted through negotiation.
Muhabbit's AI wrote this summary from BloombergHT's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
BIST 30, Türkiye Sermaye Piyasaları Birliği