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Istanbul exchange to remove over a quarter of BIST-100 constituents

Borsa Istanbul said it will replace more than a quarter of BIST-100 constituents, citing regulators’ efforts to contain a liquidity crisis linked to a sell-off in investment funds.

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Turkey's stock exchange, Borsa Istanbul, said on Tuesday it will replace more than a quarter of the constituents of its benchmark BIST-100 index as regulators try to contain a liquidity crisis triggered by a sell-off in investment funds.