Turkey: Stock exchange yields highest profit in Sept.

By Muhammed Ali Gurtas

ANKARA (AA) - Turkey's benchmark stock exchange index yielded the highest monthly real profit among other means of financial investment in September, the country's statistical authority reported on Wednesday.

Purified from inflation according to the consumer price index, TurkStat said Borsa Istanbul's BIST 100 index last month posted a 3.02% real profit rate. In September, Turkey saw a 0.99% monthly rise in consumer prices.

The BIST 100 hovered between 96,737.68 points and 105,834.02 points during September, ending the month at 105,033.03 points. In the previous month, the index peaked at 102,183.40 points as its monthly low was 94,349.28 points.

Official figures revealed that the U.S. dollar yielded a 0.14% real profit over the same period, though euro investors lost by 0.84%.

The average U.S. dollar/Turkish lira exchange rate was around 5.71 last month, versus 5.62 in August, while the average EUR/TRY was 6.29 in September, comparad wtih 6.25 in the previous month.

The institute also noted that the monthly real profit rates of government domestic debt instruments, gold bar, and deposit interest were 2.16%, 1.11%, and 0.20%, respectively.