IMKB second best in October

November 27 2012 18:34:12

IMKB second best in October

ISTANBUL - Anatolia News Agency

The Istanbul Stock Exchange’s (İMKB) benchmark 100 index became the second-highest-gaining platform in the world with a 9.2 percent rise in October.

This was partly due to an early market pricing of a Fitch upgrade of Turkey on Nov. 5, which boosted the stock exchange’s climb to its historic high at 71.717 on Oct. 29. On a monthly basis, the bourse gained 29.4 points in October, still ranking second-best after Thailand’s bourse, which gained 33.3 points over the given period, according to World Federation of Exchanges (WFE) data compiled by Anatolia news agency. Egypt’s stock exchange followed Istanbul with a 28 percent rise year-on-year.

Türkiye to receive larger foreign capital: Chamber head

Local textile industry facing challenges in export markets

Turkish Airlines hopes to bring more tourists from Chile

Credit card payments increase 78 percent in November

Central Bank expected to cut key interest rate this week

Trump threatens to take back control of Panama Canal

Sri Lanka’s Dissanayake to pay visit to key lender China

WORLD

Syria's territorial integrity 'non-negotiable,' Fidan says

Türkiye’s Foreign Minister, Hakan Fidan, emphasized on Dec. 22 that Syria’s territorial integrity is “non-negotiable” and reiterated there is no place for the PKK/YPG terror group in the country.

ECONOMY

Türkiye to receive larger foreign capital: Chamber head

Türkiye is expected to receive larger foreign capital and resource inflows next year as its economy becomes increasingly more stable and incentives investors, according to Erdal Bahçıvan, chairman of the board of directors of the Istanbul Chamber of Industry (İSO).

SPORTS

Fenerbahçe in tatters after Athletic loss

Fenerbahçe headed into turbulent times after a home loss in the Europa League against Athletic Bilbao on Dec. 11 night added to the club’s wounds and sparked fan protests.