Borsa Istanbul to strike 2 zeros from index next week

ISTANBUL

Next Monday the Turkish stock exchange will make the planned move of striking two zeros from its indices, according to financial sources.

As of this Monday Borsa Istanbul has completed all prep work and testing to remove the zeros, said the sources, who asked not to be named due to restrictions on speaking to the media.

This February the exchange announced the move, originally planned for April 27, but it was postponed.

In February, it said: "Contract sizes will be decreased from 100 to 10. Price ticks for futures will be increased from 0.025 to 0.25."

The index is currently at around 119,000.

* Writing by Gokhan Ergocun