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Banking sector down 7% with blocked cash on the swap market
Turkey's leading stock market index fell 5% to its lowest level since mid-January on Wednesday, as analysts confirm that distressed foreign investors are lamenting the sale of equities and bonds, while Turkish banking was down 7%.
Moreover, Reuters announced that Turkish banks had begun to block cash in lira on the exchange contract market in London and that they would continue until local elections scheduled for at least next Sunday. , which would cause a fall in the exchange rate of the lira in London.
"Foreign investors, who generally resort to the lira through the swap market, are now on sale because of the demand to read it and they are also out of debt," said a stock market analyst. brokerage company.
In the midst of the collapse of the Turkish lira, foreign investors sell stocks and bonds
Hamed Al Ali
previously
2019-03-28
Turkey's leading stock market index fell 5% to its lowest level since mid-January on Wednesday, as analysts confirm that distressed foreign investors are lamenting the sale of equities and bonds, while Turkish banking was down 7%.
Moreover, Reuters announced that Turkish banks had begun to block cash in lira on the exchange contract market in London and that they would continue until local elections scheduled for at least next Sunday. , which would cause a fall in the exchange rate of the lira in London.
"Foreign investors, who generally resort to the lira through the swap market, are now on sale because of the demand to read it and they are also out of debt," said a stock market analyst. brokerage company.
March 28, 2019 – 21 Rajab 1440
The time now is 01:28 AM
Banking sector down 7% with blocked cash on the swap market
Turkey's leading stock market index fell 5% to its lowest level since mid-January on Wednesday, as analysts confirm that distressed foreign investors are lamenting the sale of equities and bonds, while Turkish banking was down 7%.
Moreover, Reuters announced that Turkish banks had begun to block cash in lira on the exchange contract market in London and that they would continue until local elections scheduled for at least next Sunday. , which would cause a fall in the exchange rate of the lira in London.
"Foreign investors, who generally resort to the lira through the swap market, are now on sale because of the demand to read it and they are also out of debt," said a stock market analyst. brokerage company.
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