Markets cheer up in March
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Hürriyet Daily News
Oluşturulma Tarihi: Nisan 02, 2009 00:00
ISTANBUL - The sentiment in regional stock markets improved in March, as many benchmark indices pared losses.
Istanbul’s benchmark IMKB-100 index gained 8.7 percent in the last month, largely on expectations that a standby deal with the International Monetary Fund is in the pipeline. The index closed Tuesday at 25,677 points, with its losses since the start of the year retreating to 4.6 percent.
Israel’s Tel Aviv-25 Index closed Tuesday at 725 points, having gained 13.9 percent through March. Moscow’s dollar-denominated RTS Index performed extremely well last month and closed at 683 points, representing a monthly rise of 27.8 percent. Dubai’s Financial Market General Index was a weak performer, but still, it managed to gain 1.3 percent last month, closing Tuesday at 1,575 points. The index has lost more than 11 percent since Jan. 1.
Bulgaria’s SOFIX and Poland’s WSE-WIG indices gained 5.1 percent and 10.4 percent in March respectively, paring previous losses. Prague’s PX Index gained more than 17.7 percent in March, while Bucharest’s BET Index added 23.6 percent. Budapest’s benchmark BUX Index rose 7 percent.
Among the nine indices the Hürriyet Daily News & Economic Review focused on, Moscow’s RTS stood as the biggest gainer in March, with a rise of 27.8 percent.
Israel’s Tel Aviv-25 Index closed Tuesday at 725 points, having gained 13.9 percent through March. Moscow’s dollar-denominated RTS Index performed extremely well last month and closed at 683 points, representing a monthly rise of 27.8 percent. Dubai’s Financial Market General Index was a weak performer, but still, it managed to gain 1.3 percent last month, closing Tuesday at 1,575 points. The index has lost more than 11 percent since Jan. 1.
Bulgaria’s SOFIX and Poland’s WSE-WIG indices gained 5.1 percent and 10.4 percent in March respectively, paring previous losses. Prague’s PX Index gained more than 17.7 percent in March, while Bucharest’s BET Index added 23.6 percent. Budapest’s benchmark BUX Index rose 7 percent.
Among the nine indices the Hürriyet Daily News & Economic Review focused on, Moscow’s RTS stood as the biggest gainer in March, with a rise of 27.8 percent.