merlin

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Stock market breaks new record last week....
Shares trading on the Istanbul Stock Exchange (IMKB) gained an average 1.58 percent in value last week, with the main-100 index rising above a historic high of 32,200 points.

Markets received a boost from positive expectations regarding Tupras privatization and British Foreign Minister Jack Straw's encouraging statements on Turkey's European Union membership prospects.

The central bank's decision to keep interest rates unchanged was within expectations and did not affect the financial markets.

As stocks posted gains and the main-100 index added 501 points throughout the week, average bond and bill yields slipped around half a percentage point. Leading currencies lost against the new lira, 0.74 percent in the case of the U.S. dollar and 1.31 percent in the case of the euro, while deposit rates remained unchanged.
 

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