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4/17/2017, 11:31 AM (Source: TeleTrader)
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Turkish stocks eye record high; lira pares some gains

The referendum victory of Turkey's President Recep Tayyip Erdogan, pictured at the Borsa Istanbul in 2013, pushed the country's currency substantially higher on Monday, after it declined toward the end of last week as final polls put his constitutional reform initiative only slightly stronger than the no campaign.

The BIST 100 index jumped 0.87% to 90,846.23 points at 11:06 am CET, compared to the daily high of 90,990.85, unseen in almost four years. At the same time, the blue-chip BIST 30 was 0.82% in the green at 111.633 points, following a jump to 111,819.81. On the benchmark climbed to an all-time high of just a few points under 113,000 points. The The Dow Jones Turkey Titans 20 jumped to record 955.51 points today and traded 0.84% up at 944.52 at 11:20 am CET.

The euro bought 3.8982 liras at 11:27 am CET, down 1.36% for the day, following a decline to as low as 3.8521, the weakest since March 2. The dollar was 1.87% in the red at 3.6677, compared to the session minimum of 3.6309, the lowest since April 3.

Baha Breaking News (BBN) / IT