Foreign investors back to buying on Borsa Istanbul

(MENAFN- The Journal Of Turkish Weekly) Foreign investors made $100 million worth of net purchase on Borsa Istanbul Turkey’s stock exchange in January following a selling spree of $2.5 billion in November and December 2015 according to data gathered by Anadolu Agency.

Istanbul Stock Exchange (BIST) 100 share index gained 2.45 percent value in Turkish Liras as it gained 1.24 percent in U.S. dollars last month. However this failed to make up the index’s 33 percent annual loss last year.

The Spanish BBVA-controlled Garanti Bank shares topped foreign investor interest with $123 million of purchases last month as Akbank followed with $60.9 million Emlak Konut GYO with $24.8 million Turkcell with $15.6 million and Vakfbank with $13.8 million in January.

Shares in Bank saw the largest sale by foreign investors on the stock market last month with $35.2 million.

It was followed by retail chain BM Sabanc Holding Turkish Airlines and Coca-Cola with $18 million $17.8 million $14.5 million and $8.7 million respectively.