12:55 - 5.08.2024

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August 5, Fineko/abc.az. The Istanbul Stock Exchange has resumed trading after they were suspended because of a sharp drop in BIST-100 stock index by 6.72%.

ABC.AZ reports that the drop was caused by fluctuations in global markets, in particular Japan, South Korea and the U.S. 
According to the rules of the Exchange, trading is suspended when BIST-100 index drops sharply by 5-7%. This happens, as a rule, due to external factors.
Banks suffered the largest losses in the share price - by 7.8%. The Turkish lira has depreciated to a record high of 33.3 lira per $1.