Foreigners realize net purchases at Borsa Istanbul Stock Exchange
by Daily Sabah
ISTANBULSep 08, 2016 - 12:00 am GMT+3
by Daily Sabah
Sep 08, 2016 12:00 am
Foreigners realized net purchases in August following the three consecutive months in which they were on average inclined to sell assets. They carried out transactions resulting in net purchases of $12 million in August. Previously, throughout May, June and July, foreigners sold assets totalling $1.4 billion. However, when the transactions conducted from the beginning of year are taken into account, on a cumulative basis, by the end of August, foreign investors carried out net purchase of $378 million in total. In parallel with foreigners' transactions, the BIST 100 index lost value in May, June and July, while it rose 0.75 percent in lira terms and 1.8 percent in dollar terms, ending August at 75,968.
Therefore, despite a coup attempt realized by the Gülenist Terror Group (FETÖ), Turkey's stock markets and the demand for its assets have been pursuing a healthy path, showing a quick recovery. In parallel with this, while speaking to journalists, the country's customs and trade minister yesterday said a country experiencing such a coup attempt would probably see its markets freeze, but Turkey has seen a net inflow of foreign funds.
Meanwhile, right after the failed coup attempt, the Central Bank of Republic of Turkey took measures to provide markets with more liquidity and the government sped up its works on reforms and mega-projects as well as launching an extensive operation
against those who are involved in the FETÖ, by infiltrating the state institutions to support the terror cult aiming to topple the democratic order in the country.
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