The Ministry of Treasury and Finance announced that the Financial Stability Committee will meet at 08:00 tomorrow to evaluate the developments in the financial markets.
In the statement made by the Ministry, "The Financial Stability Committee (FIK) will meet tomorrow (17.09.2026) at 08.00 under the chairmanship of our Minister of Treasury and Finance, Mr. Mehmet Şimşek, to evaluate the developments in the financial markets. It is respectfully announced to the public." It was said.
THREE-DAY DECLINE IN THE STOCK EXCHANGE
The decline in the BIST 100 index in Borsa Istanbul, which has been continuing for three days, accelerated today. The index completed the day at 13 thousand 122.58 points with a loss of 5.54 percent.
As the selling pressure spread to a large number of shares, a circuit breaker was implemented on a share basis in many companies during the day. In the current practice at Borsa Istanbul, a share-based circuit breaker is activated if the share moves downwards by 5 percent.
BIST 100 completed the previous trading day with a decrease of 2.41 percent at 13 thousand 892.30 points. Market evaluations in the file highlight the rise in oil prices due to the tension in the Middle East in the previous day's sales, the sales pressure in the bond markets and the expectations regarding the interest rate decision of the US Federal Reserve.
HARD LOSSES IN SECTOR INDICES ALSO
As of 11:00, BIST Industrial Index decreased by 5.13 percent and BIST Bank Index decreased by 4.92 percent.
At the same hours, BIST Information Technology Index lost 6.36 percent, BIST Forest Paper Printing Index lost 6.92 percent, BIST Metal Goods Machinery Index lost 6.39 percent and BIST Construction Index lost 6.12 percent. BIST Chemical Petroleum Plastic Index decreased by 4.63 percent, BIST Financial Leasing Factoring Index decreased by 4.03 percent, BIST Food Index decreased by 3.37 percent and BIST Electricity Index decreased by 3.96 percent.
LIQUIDITY DEBATE IN THE MARKET
The background of the sharp decline is the discussions regarding the liquidity problems experienced in investment funds and some stocks in recent days.
In its statement to KAP on September 15, Pusula Portföy reported that there was a default in the participation fee refund payments of some of the investment funds it founded. The company announced that the reconciliation and liquidity management process with the intermediary institutions on whose account the funds are traded is continuing.
Following this development, evaluations were made that exit demands from funds and sales in some shares increased the pressure on the market.
On the other hand, there are also evaluations that the decline in the markets cannot be explained only by this development. In the file, it is stated that the negative outlook in global markets, the impact of developments in the Middle East on oil prices, the rise in bond yields and the uncertainty before the Fed's interest rate decision suppressed investors' risk appetite.
It is expected that the harsh movements and developments in the financial markets in recent days will be discussed at tomorrow's meeting of the Financial Stability Committee.
