The Turkish stock exchange, Borsa Istanbul, has temporarily stopped trading after two major earthquakes caused widespread damage in the country. The earthquakes triggered a sell-off that resulted in a 19% decrease in the BIST 100 index from the previous week’s close.
Turkey focused on the earthquake! So many losses…
The trading of equity, futures, options, and index contracts has been suspended.
The earthquakes, which struck 10 provinces and affected over 13 million people, resulted in the loss of over 9,000 lives and injury to over 52,000 people.
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The BIST 100 index was halted at 4,186.01 points after opening at 4,482.11 points. The earthquakes, which had a magnitude of 7.7 and 7.6, were felt in neighboring countries like Syria and Lebanon.
Dear Turkey
Our thoughts and prayers are with you during this difficult time following the earthquake. We wish for your safety and well-being, and hope that you are able to find comfort and support from loved ones and the community.
May rescue efforts be successful in finding those who are missing, and may the affected areas receive the aid and resources they need for recovery. We stand with you and hope for a quick return to normalcy for all those affected.
Sending love and strength from afar.
You might check: Celsius: Anatomy of a Collapse
