News about the entry of Turkish troops into Syria to topple the indices of the Istanbul stock exchange, investors worried that the start of military operations against militants of the “Islamic state” (organization banned in Russia) will worsen the security situation in Turkey, reports Bloomberg.
In the course of morning trading on the Borsa Istanbul BIST100 index dropped by 2.87%, according to Bloomberg, was the worst result for 94 monitored by the office for national stock market indices. So much BIST100 does not fall since July 21, when, after the attempted coup d’état in Turkey was a state of emergency. Index BIST30 in the morning trade fell by 2.93%.
Most strongly in price on August 24, shares fell woodworking company Orma (-11,86%), whose factory is located in the South of Turkey Kalkinma investment Bank (-6,97%), the media company Hurriyet Gazetecilik (-5,75%), textile company Luks Kadife (-5,73%) and manufacturer of plastic and rubber products Temapol (-5,28%).
Simultaneously stock quotes dropped and the Turkish Lira to the dollar. At the minimum it dropped to approximately 33.69 cents per Lira, which is 0,525% below yesterday’s closing level.