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Turkey: Stock market investors make most profit in June

July 8, 2014

Stocks were the most profitable investment in Turkey in both June and the second quarter, according to the country's statistical authority.


People who invested their money in stocks and shares in Borsa Istanbul, Turkey's main stock exchange, earned the most profit in June, Turkey's official statistics agency announced Tuesday.

June's stock exchange profit rates based on the Domestic Producer Price Index, or D-PPI, were 3.37 percent while the rates based on the Consumer Price Index, CPI, stood at 3.11 percent, according to the figures published by Turkish Statistics Institute.

Borsa Istabul's profit rates based on D-PPI were 23.01 percent, which made it the most profitable financial investment during the second quarter of 2014. Based on CPI, the exchange's profit rates were 20.01 percent in the same period.

Based on D-PPI, investors who used the dollar currency earned 1.26 percent in their investment and 0.10 percent in interest rate in June. Gold investors earned 0.30 percent in the month, while other investors who used euro earned 0.20 percent. Government bond investors also earned 0.91 percent.

Compared with inflation figures, investors of U.S. dollar earned 1.01 percent in June while investors of the government bonds earned 0.66 percent.

In the second quarter, investors of gold lost 8.02 percent in profit.

Bi-annually, euro was the most profitable currency with the rates of 4.82 based on D-PPI and 5.39 based on CPI.

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Source: Anadolu Agency (Turkey)

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