Borsa Istanbul up at closing of session

ISTANBUL (AA) – Borsa Istanbul's BIST-100 index was up 1.88 percent at close of the daily session Wednesday, July 27, after it decreased 0.65 percent Tuesday, July 26.

The upward trend reflects that trust of investors on the economy was returning after the July 15 coup attempt, according to analysts.

The benchmark index increased 1,386.28 points to close at 75,075, Wednesday when the total trading volume was lower, at 3.2 billion Turkish liras (almost $1.05 billion).

The daily increase was led by the 4.11 downturn of the construction sector index, while tourism sector declined by 0.27 percent.

Financial experts expect the latest coup bid to unlikely cast its shadow in the long term over the Turkish equity markets.