The Stock Exchange closed last week with a fall of 16.6%on the worst day since the global financial crisis in October 2008.
With a rise of 3.1 % opened Turkish stock exchange Monday, recovering some of the big losses of the previous week, while the country is shaken by unprecedented demonstrations after the prostitutes Imamoglou.
The Stock Exchange closed last week with a fall of 16.6%on the worst day since the global financial crisis in October 2008.
The bank index is +3.23% after a fall of more than 26% last week.
Analysts expect a prolonged period of political turmoil and uncertainty.
“Protests have marked the world’s most important reaction for more than a decade, making the orbit of events difficult to predict,” Wolfango Piccoli told Teneo.
“Once again, President Erdogan’s political agenda has caused serious damage to its financial prospects Turkey“
The country’s Capital Markets Committee banned the short selling on Sunday on the Istanbul Stock Exchange and relaxed the restrictions of stock market and stock requirements until April 25.
The pound is negotiated at 37,9550 against the US dollar, with no remarkable change from Friday’s closure after a 3.5% drop last week.
In a meeting with bank executives on Sunday, the central bank said he would use all the means to maintain stability.
Source: Skai
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