© Reuters. FILE PHOTO: Traders work at their desks on the floor of the Borsa Istanbul in Istanbul

ISTANBUL (Reuters) – Turkey’s Borsa Istanbul said on Monday that it had applied a temporary short selling ban on six foreign financial institutions because they failed to notify authorities about short selling transactions last week.

The stock exchange said Barclays (LON:) Capital, Credit Suisse (SIX:) Securities and Merrill Lynch will be banned from short selling for three months.

Goldman Sachs (NYSE:), J.P. Morgan and Wood and Company Financial Services will be banned from short selling in the stock market for one month, the stock exchange said.

The Turkish Capital Markets Board lifted a ban on short selling for the top 30 shares on the Istanbul stock exchange last week.

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