The Borsa Istanbul stock exchange said on Monday that it had applied a temporary short-selling ban on six foreign financial institutions because they had failed to notify authorities about short selling transactions last week, Daily Sabah reported.

Barclays Capital, Credit Suisse Securities, and Merrill Lynch would be banned from short selling for three months.

While Goldman Sachs, J.P. Morgan, and Wood and Company Financial Services will be banned for one month.