MARGIN TRADING, SHORT SELLING AND EQUITY BORROWING - LENDING
Short selling means selling capital markets instruments that the seller does not own, or placing an order for such sales. Any sales that is completed by using borrowed capital markets instruments to fulfill the settlement obligation relating to the sales is also deemed a short sales.
In order to conduct short selling, the order should be entered as a short selling order at the beginning. Short selling transactions are announced on the Daily Bulleting on equity basis, stating the amount and contract quantity at each price level.
The “List of Securities Subject to Margin Trading and Short Selling Transactions” has been determined to cover all shares and ETFs traded in the BIST Equity Markets, excluding ECM (GİP), PMTP (PÖİP) and WL (YİP). Accordingly, shares traded on the BIST Stars and BIST Main Market, as well as ETFs, can be subject to both margin trading and short selling.
Warrants, certificates, ownership backed lease certificates, real estate investment funds and venture capital investment funds can not be subject to margin trading and short selling transactions. Real estate certificates can be subject to margin trading but not short selling.
Except for the opening session, a short sell order can be entered in all sections of the session (including circuit breaker order collection sections) where orders can be entered.