Thursday, November 25, 2010

İMKB one of world’s highest gaining bourses


The İstanbul Stock Exchange benchmark index (İMKB-100) has provided a return of 45.7 percent for investors in the first 10 months of this year, placing it among the top 10 of the world’s most lucrative bourses.

Despite sharp falls after the first three days of the Eid al-Adha (Feast of the Sacrifice) holiday, investors on the İMKB-100 witnessed a yield of 45.7 percent in the first 10 months of this year, making the İMKB-100 the world’s sixth most lucrative bourse among 61 stock exchanges. Between January and October 2010, 43 stock exchanges appreciated while 15 stock exchanges realized a loss and three remained the same. Moreover, the Colombo Stock Exchange ranked at the top with a yield of 124 percent in the first 10 months of 2010 followed by the Indonesia, Colombia, the Philippines and Santiago stock exchanges with returns of 53.5, 48.8, 46.8 and 46.1 percent, respectively.

The Athens Stock Exchange depreciated the most of all stock exchanges between January and October 2010, falling 42.4 percent. This was followed by the Bermuda and Cyprus stock exchanges, which dropped 40.4 percent and 30.5 percent, respectively.

The Buenos Aires, Russia’s MICEX and the Saudi Tedawul stock markets remained unchanged in the first 10 months of this year.

According to World Federation of Exchanges (WFE) data, China’s Shanghai Stock Exchange (SSE) was the highest-yielding bourse in October, with a 12.2 percent return. This was followed by another Chinese bourse, Shenzhen, which had a return of 11.5 percent in the same month. Colombia, Lima and the Euronext Lisbon stock exchanges saw 8.1, 7.6 and 7.4 percent yields in October, respectively. The İMKB-100 saw a return of 4.5 percent in the month.

The Colombo Stock Exchange, on the other hand, was down 4.6 percent in October and saw the largest drop. The Tehran, Osaka, Tokyo and Luxembourg stock exchanges all fell in October -- 3.5, 2.6, 2.2 and 1.6 percent, respectively.

source - www.todayszaman.com

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