Resignation News Arrived: Stock Market Crashed - Sözcü Newspaper
4 Articles
4 Articles
Following news of the departures of SPK (Capital Markets Board) Chairman Mahmut Sütçü and Deputy Minister of Treasury and Finance Osman Çelik, selling pressure intensified on the Istanbul Stock Exchange. The BIST 100 index fell by more than 2%, dropping to 11,396 points.
Following the retirement application of Deputy Minister of Treasury and Finance Osman Çelik and the resignation of Capital Markets Board Chairman Mahmut Sütcü, selling pressure increased on the Istanbul Stock Exchange.
Following news of the resignations of Deputy Minister of Treasury and Finance Osman Çelik and Chairman of the Capital Markets Board Mahmut Sütçü, the Istanbul Stock Exchange experienced a sharp decline. The BIST 100 index, which started the day at 11,761 points, fell to 11,348 points as the resignation rumors affected the market. By the end of the day, the total loss reached 2.39%, with the exchange closing at around 11,568 points.
HSBC shared its expectations regarding the financial results of companies listed on the Istanbul Stock Exchange ahead of the third-quarter earnings season. The bank projected a 20% year-on-year decrease in total net profit for non-bank companies applying inflation accounting, and a 9% decrease in net profit for banks. The report noted that some retail, energy, and industrial companies could stand out with strong real profit growth.
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