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Important warning to investors from Borsa Istanbul: Watch out for tomorrow!

Investors at Borsa Istanbul who wish to convert their shares into cash before the Eid al-Adha holiday must complete their transactions tomorrow due to the holiday.

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Important warning to investors from Borsa Istanbul: Watch out for tomorrow!

Due to the Eid al-Adha holiday, the settlement dates for transactions at Borsa Istanbul will change. Accordingly, the settlement of transactions made on Thursday at Borsa Istanbul will be carried out on Thursday, June 20. Stock market investors who want to convert to cash before the Eid al-Adha holiday need to complete their transactions tomorrow.

Since the settlement of transactions in Borsa Istanbul Equity Markets operates on a "T+2" basis, meaning two business days after the day the transaction takes place, the collection and payment for a stock transaction carried out tomorrow will be made on Friday.

For investors who trade on Thursday, the collection and payments will be delayed by 7 days, until Thursday, June 20. Investors who trade this Friday will also have to wait until Friday, June 21, for the cash realization of those transactions.

The trading and holiday days of the stock exchange and the settlement days for orders placed until the end of the Eid al-Adha holiday are as follows:

June 12June 13June 14June 17June 18June 19June 20June 21
WednesdayThursdayFridayMondayTuesdayWednesdayThursdayFriday
Stock ExchangeOpenOpenOpenClosedClosedClosedOpenOpen
Transaction settlement timeJune 14June 20June 21 June 24June 25

News Source: AA

Borsa İstanbul shares Eid al-Adha investor