Developments in the fund market hit margin trading on the stock exchange

Stock-backed lending on Borsa Istanbul fell 38% from its July peak to 82.2 billion TL in October, a month shaped by developments in the fund market, according to Turkish Capital Markets Association (TSPB) data. The number of investors using margin trading dropped 21% over the same period. The pullback matters because it signals reduced leverage and risk appetite among retail investors as fund-market shifts ripple into equities. Watch next for whether margin balances stabilize in November and whether fund flows reverse, which would indicate renewed appetite for leveraged equity exposure.