Benchmark index declines
Güncelleme Tarihi:
Hürriyet Daily News
Oluşturulma Tarihi: Şubat 06, 2009 00:00
ISTANBUL - Increasing reluctance by the government to sign a stand-by accord with the International Monetary Fund, or IMF, coupled with negative news abroad affected Turkish stocks, as the IMKB-100 index of the Istanbul Stock Exchange fell. The benchmark index closed yesterday at 25,774 points, 366 points or 1.4 percent lower than Wednesday’s close.
The decline was led by Kerevitaş Gıda, a food company, which fell 4.8 percent, Denizbank, which lost 4.3 percent and Akenerji, an energy company, which shed 4.3 percent. News that Turkey’s Vakıfbank has dropped a plan to sell insurers Güneş Sigorta and Vakıf Emeklilik affected Güneş Sigorta’s shares badly, as the shares declined more than 3.3 percent.
Bursa Çimento, a cement firm, rose 11.8 percent, followed by Petrokent Turizm which rose 8.4 percent.
The U.S. dollar, meanwhile, was trading at around 1.64 Turkish Liras at 5:17 p.m.
Bursa Çimento, a cement firm, rose 11.8 percent, followed by Petrokent Turizm which rose 8.4 percent.
The U.S. dollar, meanwhile, was trading at around 1.64 Turkish Liras at 5:17 p.m.