Frozen Turkish Funds’ Blue-Chip Holdings Sold Off-Market

AI Summary

Banks managing Turkey’s frozen-fund liquidations sold about $254 million in blue-chip shares through off-market transactions. The sales may ease pressure on Turkish stock indexes by removing an overhang of shares held by the frozen funds.

Banks overseeing Turkey’s fund liquidations sold about $254 million of blue-chip shares held by frozen funds off-market, in a move that could help remove an overhang on the country’s stock indexes.