World Bulletin / News Desk
Turkey's stock exchange dropped 255.43 points at the start of trading Thursday, a 0.27 percent fall as the country headed for a three-day weekend.
The banking and holding sector indices fell 0.40 percent and 0.29 percent respectively ahead of Friday’s national holiday.
Investment trusts performed best, 0.53 percent up on Wednesday’s close, while the textile/leather index saw the biggest drop, falling 1.24 percent.
At Wednesday’s close, the BIST 100 was down 436.55 points to 95,724.950 points, with a total trading volume of 6.1 billion Turkish liras ($1.7 billion).
The Turkish lira was 3.5920 to the U.S. dollar at 9.30 a.m. local time (0630GMT) Thursday, compared with 3.5600 at Wednesday’s close.
The Turkish consumer confidence index rose 2.1 percent to 72.8 in May compared to April, according to the Turkish Statistical Institute on Thursday.
BIST 100 rises 0.01 percent; US dollar/Turkish lira exchange rate drops to 4.0250
Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.
The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.
Turkey's assets abroad go up 2.4 percent at end of February 2018, compared to end of 2017: Turkish Central Bank
BIST 100 decreases 0.12 percent; US dollar/Turkish lira exchange rate stands at 4.1020
Hong Kong and China ended down after fluctuating through the morning on data showing the world's number two economy expanded in January-March at the same rate as the previous three months.
For Turkey, Germany is a very important, indispensable partner: Turkish Energy Minister Albayrak says in Berlin
BIST 100 rises 0.69 percent; US dollar/Turkish lira exchange rate stands at 4.0830
The United States, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.
Excluding interest payments, central government budget balance saw surplus of nearly $500M in first quarter of 2018
London's FTSE 100 index fell 0.1 percent to 7,254.83 points, with UK advertising giant WPP diving four percent after chief executive Martin Sorrell resigned over the weekend.
The US, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.
Industrial production surges 9.9 pct year-on-year in February, official data show
BIST 100 rises 0.23 percent; US dollar/Turkish lira exchange rate stands at 4.1020
Unemployment in January goes down 2.2 percentage points from the same month last year, says TurkStat