After İmamoğlu's detention, Morgan Stanley exited Borsa İstanbul.

After İmamoğlu's detention, Morgan Stanley exited Borsa İstanbul.

19.03.2025 20:10

Istanbul Metropolitan Municipality Mayor Ekrem İmamoğlu was detained as part of two separate investigations launched for 'corruption' and 'terrorism' offenses. This situation also caused fluctuations in the economic markets. Gold and the dollar reached record highs, while the Istanbul Stock Exchange experienced significant losses. Following these developments, the US-based investment bank Morgan Stanley voluntarily withdrew from its membership in the Istanbul Stock Exchange.

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İstanbul Büyükşehir Belediye (İBB) Başkanı Ekrem İmamoğlu, İstanbul Cumhuriyet Başsavcılığı'nın 'yolsuzluk' ve 'terör' suçlarından başlattığı iki ayrı soruşturma kapsamında sabah saatlerinde gözaltına alındı. İmamoğlu ile birlikte aralarında Beylikdüzü Belediye Başkanı Murat Çalık, Şişli Belediye Başkanı Resul Ekrem Şahan, İBB Genel Sekreteri Mahir Polat ile İBB yöneticilerinin de olduğu 100'den fazla kişi daha gözaltına alındı.

RECORD IN GOLD AND DOLLAR, BIG LOSS IN ISTANBUL STOCK EXCHANGE

After the operations, there was also activity in the economic world and markets. While gold and dollar broke record after record, a significant loss was experienced in the Istanbul Stock Exchange.

Morgan Stanley withdrew from the Istanbul Stock Exchange at its own request

MORGAN STANLEY WITHDREW FROM THE ISTANBUL STOCK EXCHANGE

Following these developments, a notable move came from the US-based giant investment bank Morgan Stanley. The bank canceled its membership in the Istanbul Stock Exchange at its own request.

NOTIFIED TO KAP

In a notification made by Borsa İstanbul A.Ş. to the Public Disclosure Platform (KAP) on March 19, 2025, the following statements were included: "The application for complete waiver of activity permits was positively evaluated by the Capital Markets Board, and Morgan Stanley Menkul Değerler A.Ş. (Member Code: MSI), whose Limited Authorized Intermediary License was canceled, has been removed from the membership of the Exchange by the decision of the Board of Directors dated 12/03/2025."

Morgan Stanley withdrew from the Istanbul Stock Exchange at its own request


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