Sharp decline in Borsa Istanbul following resignations

Sharp decline in Borsa Istanbul following resignations

19.10.2026 18:20

Following the resignation reports of Deputy Minister of Treasury and Finance Osman Çelik and Capital Markets Board (SPK) Chairman Mahmut Sütçü, a sharp decline occurred in Borsa Istanbul. The BIST 100 index, which started the day at 11,761 points, fell to 11,348 points as the resignation claims were reflected in the market. Toward the end of the day, with its total loss reaching 2.39 percent, the stock exchange completed the day at around 11,568 points.

Following the resignation news of Deputy Minister of Treasury and Finance Osman Çelik and Capital Markets Board (CMB) Chairman Mahmut Sütçü, there was a sharp decline in Borsa Istanbul. The BIST 100 index, which followed a volatile course during the day, fell to 11,348 points after the resignations were announced.

LOSSES INCREASED AFTER THE RESIGNATION NEWS

At 17:00 on Monday, October 19, Borsa Istanbul was trading at 11,574 points, and after the resignation news a 1.52% decline was recorded. With this decline, the index dropped to 11,348 points.

The departure of Deputy Minister of Treasury and Finance Osman Çelik and CMB Chairman Mahmut Sütçü from their duties was among the prominent developments on the day's economic agenda.

BORSA HAD ALSO STARTED THE DAY WITH A DECLINE

The downward trend was also effective in the first hours of the day in Borsa Istanbul. The BIST 100 index, which started the day at 11,761 points in the morning, fell to around 11,568 points around 18:00 with the decline experienced throughout the day.

As of 18:07, the total loss in the index was recorded as 2.39%. With the activity following the resignation news, developments in Borsa Istanbul were brought to investors' agenda.

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