Turkey's Main Share Index Up After Court Ruling On Governing Party

ISTANBUL - The Istanbul Stock Exchange (IMKB), Turkey's main share index, rose Thursday as high as 4.51 percent to reach above 43,000 points for the first time since May after the country's top court ruled Wednesday not to close the governing Justice and Development (AK) Party.
The index climbed to 43,285.6 in the first half of the morning session with an increase of 1,865.35 points from Wednesday's 41,342.3.
The index was following an upward trend through the week with a 14.65 percent rise since last Friday as analysts said the Constitutional Court's ruling about the AK Party satisfied market expectations.
The court ruling has made a positive impact on the markets as it ended political uncertainty, analysts said.
One USD is 1.17 YTL while one Euro is 1.825 YTL at Istanbul free market.
(YMB-MS)
(ECO)