US EditionTurkiye’s BIST 100 Jumps 4% as Court Delays CHP Case, Banking Stocks Lead Rally
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The case for the annulment of the CHP's 38th Ordinary and 21st Extraordinary Congresses, citing "dubious" claims, was postponed until October 24. The court requested the delegate list for the extraordinary congress and the Istanbul provincial congress to be held on September 21.
The decision to postpone the CHP's congress case was met with positive response at headquarters. Party members, pointing to the regular congress process, commented, "The case has been postponed until October 24th. We will complete our provincial congresses before the trial. We will have determined our congress delegates. This way, the lawsuit will be meaningless. We will close this debate by holding our regular congress." CHP officials said, "Th…
High-Stakes CHP Trial Pushed to Oct. 24 as Party Plans Sept. 21 Congress
An Ankara civil court on Monday adjourned to Oct. 24 a closely watched case that could annul the Republican People’s Party’s (CHP) 2023 leadership congress—potentially unseating party chair Özgür Özel and reshaping Turkey’s opposition landscape. The judge postponed proceedings after roughly an hour of arguments, according to multiple outlets, including wire reports from the courtroom. The lawsuit challenges the Nov. 4–5, 2023 congress where Özel…
Turkiye’s BIST 100 Jumps 4% as Court Delays CHP Case, Banking Stocks Lead Rally
Türkiye’s benchmark stock index, BIST 100, suddenly jumped by over 4% to above 10,800 points, back to its closing level from two weeks earlier, after a court decision delayed the main opposition Republican People’s Party (CHP) annulment case to Oct. 24. Banking stocks led the surge with gains of over 5% in the liquid banks index, as the decision gave relief to investors after heightened political tensions last week. Banking sector leads market r…
CHP congress case postponed, stock market surged: Index increased by over 4 percent
The lawsuit seeking the annulment of the CHP's 38th Ordinary Congress, held on November 4-5, 2023, and in which Özgür Özel was elected chairman, was heard. Kılıçdaroğlu was requested to be appointed as a trustee, and the case was adjourned until October 24.
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