Stock exchange in Istanbul 'sees record high'
Optimism in Turkey remains elevated after a record high was reached on the Istanbul Stock Exchange on Tuesday, according to reports.
New figures released state that the benchmark index hit 48,778.75 points by the end of the initial trading session, which is the highest end-session ever recorded, reports Today's Zaman.
Inflation rates for June were lower than anticipated and the consumer price index also decreased by 0.24 per cent.
Analysts claim that the figures are partially down to new high optimism levels after high growth rates during the first quarter of the year.
Moreover, current trends are being welcomed by potential investors into the country, one research director claims.
Muhittin Kuley, of Iktisat Investment, says that investors also have a good deal of faith in the political situation of the country.
"Investors seem to be buying the possibility of a single-party government in the upcoming parliamentary elections," he comments.
In related news, figures released by the Turkish Statistics Institute suggest that the economy in Turkey remains buoyant and showed 6.8% growth in the first quarter of the year.
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