Turkish stock market gains 40% in six months
The Istanbul stock exchange has been the most profitable investment instrument in Turkey since the beginning of the year, followed by Turkish lira deposits and bonds.
In the first seven months of the year, Turkish stock market shares outstripped all other investment instruments such as gold, foreign currency and interest in terms of profit. To see how the difference emerged, let’s first take a look at the seven-month performance of investment instruments:
On Jan. 2, an ounce of gold traded for $1,224, while a dollar bought 2.17 Turkish lira and a euro 2.98 lira. As of July 30, an ounce of gold traded for $1,296, while a dollar was worth 2.13 lira and a euro 2.86 lira.
