Borsa Istanbul

Turkish authorities detained the head of Borsa Istanbul, accusing him of membership in a criminal group and of orchestrating targeted stock price manipulation, signalling a widening financial scandal.

The Istanbul Stock Exchange has implemented a restructuring of the stock market, revising the rules for entry into its flagship indices. As a result, about 25% of the companies that were part of the main index have been excluded. The changes were welcomed by investment advisers.