Major Turkish stock indexes fell at the close on Thursday, with the Borsa Istanbul Stock Exchange 100 (BIST 100) nosediving 6% after a court in Turkey nullified the results of the 2023 congress of the Republican People's Party, one of Turkish President Recep Tayyip Erdogan's biggest opponents.
The Ankara Regional Court of Justice 36th Civil Chamber ordered earlier today that Ozgur Ozel, the current leader of the main opposition party, alongside his administration, be temporarily removed, adding that Kemal Kilicdaroglu, the party's previous head, should be reinstated.
The BIST 100 plunged 6.05% at the closing bell, hitting its lowest point since early April. Before the close, the BIST 100 management activated the circuit breaker system in an attempt to stop panic selling, temporarily halting all trade.
https://breakingthenews.net/Article/Turkey's-BIST-100-drops-6-at-close-after-court-ruling/66340668
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