Turkish Banks Climb as Short-Sale Ban, Inflation Accounting End

The Turkish banking index rose after a regulatory boost that removed the short-selling ban on biggest stocks and skipped inflation accounting for financial firms.

The ban on short-selling stocks included in the BIST-50, an index of the biggest 50 companies, will be lifted as of Jan. 2, according to a decision published by Capital Markets Board late Thursday. Restrictions remain in place on short-selling shares outside that index.