Market volatility following CHP decision
The cancellation of the CHP Istanbul Provincial Congress has caused fluctuations in the stock and foreign exchange markets. The BIST 100 index fell below 11,000 points.
12punto
The court decision regarding the cancellation of the CHP's Istanbul Provincial Congress has led to activity in financial markets. The court ruled for the removal of Özgür Çelik and the current administration from their posts.
The BIST 100 index on Borsa Istanbul had started the day at 11,304 points. However, it declined by 1.68 percent to as low as 11,114 points. These developments have drawn the attention of investors and created uncertainty in the markets.
Activity was also observed in gold and foreign exchange rates. Markets are closely monitoring the effects of the CHP decision.