Several listed Turkish companies reported limited damage and suspended operations for at least one day after the major earthquake which hit the country's populous and industrialized north-west in August. More than fifty companies which sent initial reports to the Istanbul Stock Exchange said losses were being assessed for insurance coverage and details would be announced later. Even companies with no damage were forced to stop work for a day due to a power failure in seven provinces hit by the quake. Electricity was later partially restored and more than thirty companies facing minor or no damage said they resumed partial or full operations. The Exchange suspended share trading for a week until 24 August, pending reports from all companies located in the quake-hit regions.
