ISTANBUL - Turkey`s stock exchange will be closed on Monday due to a national day.
Turkey will celebrate the May 19th Youth & Sports Day on Monday. Therefore, there will be no transactions at the Istanbul Stock Exchange (IMKB) that day.
The Commemoration of Ataturk, Youth and Sports Day is an annual Turkish national holiday celebrated on May 19th to memorialize the start of the Turkish War of Independence.
May 19th, 1919 is the day Mustafa Kemal Ataturk, the Founder of Turkish Republic, landed on the main peninsula of Turkey to begin leadership of the liberation effort. In early 1920, Ataturk convened the first Turkish Grand National Assembly in Ankara, and by 1922 all of Anatolia was freed from foreign rule. The independent Republic of Turkey was declared on October 29th, 1923. During the course of his term as president, Ataturk himself proclaimed May 19 as "Youth and Sports Day." In the aftermath of Ataturk monumental legacy, the day serves to honor the country`s founder.
(BRC-MS)