The Turkey Stock Market Industrial Index has gone up 52.88% in sterling terms from 28 September 2001...
The Turkey Stock Market Industrial Index has gone up 52.88% in sterling terms from 28 September 2001 to 30 November. Manager of the Aberdeen Frontier Markets Fund, Andrew Elder, says the main reason behind this rally is the way in which Turkey's geo-political significance has increased post-11 September. 'After the events of 11 September, Turkey is to receive additional IMF money to help its debt crisis, and this has meant the possibility of going bankrupt has decreased and the possibility of suffering under debt burden has decreased,' says Elder. 'The equity markets have react...
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