The Istanbul bourse crowns its days-long march by breaking its historic record as the market expectations for a rating upgrade by one of the leading international agencies heat up
The main 100 index of the Istanbul Stock Exchange (İMKB) hit a historic high yesterday at 71.717 points, surpassing the Nov. 9, 2010 record, after a two-week long climb unaffected by a nearly one-week-long public holiday.
A relatively positive report by international credit agency Moody’s yesterday triggered the nearly 1.5 percent climb from Oct. 25, the day the bourse was closed before the Eid al-Adha, or Feast of the Sacrifice, holiday. The stock exchange was also closed on Oct. 29 for Republic Day.
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