Turkish stock exchange grows by 731% in 12 years
Posted by meb at March 26th, 2007
The İstanbul Stock Exchange (İMKB) ranked fifth worldwide with a 731 percent increase in capital value between 1995 and January 2007 in terms of growth. The total value of companies trading on the İMKB increased to $173 billion in January 2007, over $20.8 billion in 1995, according to Capital Markets Board (SPK) data. The country whose transaction value increased the most between 1995 and 2007 was Poland. The total value of Poland’s stock exchange in 1995 was $4.5 billion, and it jumped up to $157.3 billion, a rate equivalent to 3,395 percent in 12 years. Greece followed Poland in terms of stock exchange growth. The total value of companies trading on Greek stock exchange was $16.5 billion in 1995, later increasing to $227 billion, a 1,275 percent rise. The third country was China, whose stock exchange worth increased by 911.3 percent to $3.07 trillion from $303.7 billion. Spain ranked fourth with a 791 percent rise over 12 years. The value of the Spanish stock exchange rose to $1.3 trillion from $151 billion. Turkey ranked 16th among the largest stock exchanges with its $173 billion value — France and Holland were excluded because of lack of data. The İMKB surpassed the stock exchanges in Chile, Israel, Ireland, Thailand, Indonesia, Luxemburg, Philippines and Argentina. The southeast Asian stock exchanges have yet to recover from the economic crisis they experienced in the past. The Thai stock exchange has only managed to grow by 3.3 percent in 12 years. The Malaysian stock exchange grew 20.4 percent while that of the Philippines grew by 26.7 percent. Another country that faced an economic crisis, the Argentinean stock exchange grew by 39.8 percent between 1995 and 2007.
source: Today’s Zaman
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