The European Parliament’s adoption of the report that suggests opening accession talks with Turkey without delay, had a positive impact on local financial markets. The yields dropped to 23% level; the interest rate for the 24/05/06 paper came down to 23.09% for the transactions effective for today, from 23.5% of the day before.
Similarly in the free market TRL appreciated against foreign currencies, however the announcement that Central Bank would resume forex purchase auctions curbed the value gain in TRL. The TRL/USD rate came down to 1,415,000 from 1,423,000 in the free market.
The Central Bank announced the TRL/USD rate at 1,412,200, slightly up compared to the day before, however the rate does not reflect the positive impact of the European Parliament’s decision. As for the stock exchange market, the index had reached its historical high level of 23,635 on Dec 13, and the profit taking continued yesterday.
The ISE-100 index closed the day at 23,290. The investors in stock exchange market preferred to wait and see the historical decision to be taken by EU leaders on Dec 17.