IslamicFinance.de

The Borsa Istanbul issued a statement providing the reason for suspending the trading of shares of Bank Asya under the name ASYAB between August 7 and 12. The statement noted that the reason for the suspension was the contradictory news announced by various media institutions about the partnership structure of the bank and news which has caused fluctuation in the prices of share certificates. Therefore, it was noted that ASYAB share certificates are being temporarily suspended from trade. It further explained that the temporary suspension of trade continued since the statement Bank Asya gave to the Public Disclosure Platform on Aug. 8, 2014 did not completely remove the current uncertainty. In this respect, in order to not damage trust, clarity and the stability of the market, the temporary suspension of trading ASYAB stocks continued until Aug. 12, 2014, the BIST remarked.