The stock market, which was closed due to the earthquake, opened with an increase of 5.86 percent after a five-day break.

The Stock Exchange, which was closed for 5 working days due to the increase in losses due to the earthquake, was opened today with the measures taken. BIST 100 Index started the day at 4,769 points with a gain of 5.86 percent. After the Kahramanmaraş-centered earthquakes and the high volatility experienced in Borsa Istanbul, the third day of the earthquake was closed for 5 working days in order to protect the small investors.

Capital Markets Board (SPK) announced a series of measures yesterday. CMB decided that publicly-held corporations, whose shares are traded on the stock exchange, can initiate a buyback program with the decision of the board of directors, without seeking the decision of the general assembly.

Within the scope of the changes, the end time of all futures and options contracts traded on VIOP will be shortened by 5 minutes to 18.10 on full working days and 12.40 on half working days, in order to harmonize the end of session hours of VIOP and Equity Market.

In the announcement stating that pending orders valid until Cancellation (HRD) and Dated (TAR) in the contracts in the Equity and Index Derivatives Markets in VIOP will be canceled by the Exchange; “The order transaction rate in the Equity Market was reduced from 15:1 to 5:1, the threshold price in the Equity Market was increased from 0.03 cents to 0.25 cents, in the Equity Market, Order Cancellation, Price Worsening and Quantity Reduction (IAK)” It was decided to increase the fee items by 20 percent and to set the voluntary order cancellation fee rate, which was applied as 1 per hundred thousand (0.00001) in VIOP, by 20 percent to 1.2 (0.000012) per hundred thousand. On the other hand, according to Central Registry Agency (MKK) data, as of January 2023, there are 381 thousand 383 stock market investors in 10 provinces affected by the earthquake.