Stock exchange 'sees further records'
The Istanbul Stock Exchange (IMKB) has again posted record figures, according to new reports.
On Monday (July 9th), the benchmark IMKB-100 Index closed at an unprecedented 51,338 points and this can be put down to the positive effects of markets on the international scale, reports Today's Zaman.
Moreover, this was driven in part by good signals from the US economy and the fact that the internal political situation is looking healthier, the reports suggested.
This is the 9th consecutive day of growth and can also be attributed to the potential progress being made in the Turkish election saga.
Standard Chartered official Gavin Redknap also noted these Turkish trends and cited a couple of factors for growth.
"There are two different cases; first, unseen liquidity flows to Turkey, second, good figures in political fundamentals," he told the publication.
In related news, optimism was also high on the exchange last Wednesday, primarily down to high growth rates in the first quarter of the year.
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