Posted by meb at March 14th, 2008

Amid discussions over the impact of recent global fluctuations on Turkey, foreign investors completed the first two months of the year with net sales of stocks surpassing purchases at the İstanbul Stock Exchange (İMKB).

Overall, foreign investors’ net sales totaled $772.8 million — out of a total transaction volume of $31.6 billion — in the January-February period. Recently released İMKB data shows that foreign investors made buying transactions in the amount of $15.5 billion in the same period and selling transactions in the amount of $16.2 billion.
The volume of transactions dropped in February compared to January; purchases by foreigners dropped by 12.17 percent and sales by foreigners dropped by 22.68 percent in February. Purchases by foreigners increased by 47.89 percent and sales by 49.31 percent in February 2008 over February 2007.

The banking sector has been the favorite of foreigners making investments in the stock exchange. Foreign investors’ transactions amounted to net sales in five out of 20 of the top banking shares.

source: Today’s Zaman

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