Istanbul Stock Exchange most profitable stock market since beginning of 2017

Borsa Istanbul (Istanbul Stock Exchange) ranked first among the major world stock exchanges enabling its investors to earn about 28 percent since the beginning of the year. Investors have earned an average of 27.52 percent on Istanbul Stock Exchange since the beginning of the year, which is “number one performance” among the world’s leading stock exchanges. The BIST 100 index, which completed the year 2016 at 78.138,66 points, has moved upwards until today and entered the last 3 trading days of the first half of the year crowned with records at 99,639 points, close to 100,000.

The US stock market, which saw its highest historical levels in this period, rose from 8 percent to 16 percent according to the closing of 2016. On the other hand the average return on European stock exchanges was about 7 percent. The closest competitors to Istanbul Stock Exchange were the Argentinian stock exchange with 25 percent, and the South Korean, Indian and Hong Kong Stock Exchanges with 17 percent.

Analysts say that the global risk appetite in the first half of the year and forecasts revised upwards due to the increasing optimism about Turkey’s growth support BIST 100 index. They also point out that expectations and realizations of the Fed’s downsizing steps in the second half of the year, will be the main agenda items of the markets and express that geopolitical developments are to be followed.

SOURCE: MEDIA