Topic

Turkey economy

Turkey inflation hits new 24-year high of 83% after rate cuts

Published 03 Oct, 2022 06:53pm

ISTANBUL: Turkish annual inflation climbed to a new 24-year high of 83.45% in September, data showed on Monday,...

Turkey sees inflation at 65pc at 2022 end, C/A deficit at $47.3bn

Published 05 Sep, 2022 07:34am

ISTANBUL, Sept 4 (Reuters) - Turkey expects inflation to ease to 65% by the end of the year from nearly 80% in July,...

Turkish central bank nearly doubles 2022 inflation forecast to 42.8%

Published 28 Apr, 2022 05:23pm

ISTANBUL: Turkey’s annual inflation will peak at around 70% by June before declining to near 43% by year-end, the...

Lira logs worst year in two decades under Erdogan

Published 03 Jan, 2022 06:42am

ANKARA: Turkey’s lira has logged its worst year since President Tayyip Erdogan came to power nearly two decades...

Turkey has burst its forex bubble with latest measures: Erdogan

Published 25 Dec, 2021 05:02am

ISTANBUL: Turkey’s President Tayyip Erdogan said on Friday the government had burst a bubble in the foreign...

Turkey expected to sell $2.5bn in 5-year sukuk

Published 15 Jun, 2021 07:45pm

It set the yield for the Turkish sukuk at 5.125%, tightened from an initial price guidance of around 5.5%, the document from one of the banks on the deal showed.

Turkey to streamline monthly labour market data

Published 22 Feb, 2021 06:08pm

The agency will publish data for the first two months of the year at the same time in April, as well as comparable series, according to the new definitions and methodology.
The last published labour data showed Turkey's unemployment rate ticked up to 12.9% in the October-December period.

Lira gains will ease Turkish inflation but pressures remain

Published 28 Jan, 2021 01:10pm

Speaking in an online presentation of the bank's quarterly inflation update.

Facebook says starts process of appointing Turkey representative

Published 18 Jan, 2021 06:53pm

The law allows authorities to remove content from platforms, rather than blocking access as they did in the past.
"We will withdraw the representative if we face pressure on either," the company said in a statement.

Turkey announces $18.5bn public investment programme for 2021

Published 16 Jan, 2021 07:12pm

$6 billion for public investments in the transportation and communication sectors in 2021, and another $2.6 billion for education projects.
Under the programme, Turkey's Transport and Infrastructure Ministry will receive some $2 billion.

Greece seeks to send 1,450 migrants back to Turkey

Published 14 Jan, 2021 05:38pm

Migrant returns to Turkey, under a 2016 EU-Turkey agreement, largely dried up last year due to the coronavirus crisis.
We expect Turkey to step up its efforts ... First, to prevent the passage of boats departing from its shores bound for our country and European Union. And second to accept the return of migrants.

Erdogan says Turkey to target price stability, reforms

Published 11 Jan, 2021 09:58pm

Ankara had set a growth target of 0.5% in 2020. Erdogan has also pledged a series of judicial and economic reforms to draw in investments, aiming to alleviate Turkey's recent economic woes.

Turkish lira's real effective exchange rate at 62.34 in Dec

Published 05 Jan, 2021 07:46pm

November's number was revised as 60.45, the lowest level on record.
The rate, announced by the central bank, measures the weighted average of domestic prices relative to those of Turkey's trading partners.

Turkey eyes 25mn foreign visitors in 2021, tourism officials say

Published 05 Jan, 2021 05:15pm

Tourism industry sources say it will take at least two years for the number of arrivals to reach the levels before the pandemic.
The number of foreign visitors to Turkey in 2019 was 45.06 million; tourism revenues stood at $34.5 billion.

Turkey targets tax and price rises to lessen inflationary impact

Published 05 Jan, 2021 04:59pm

Inflation ended 2020 above government forecasts at 14.6%, mainly due to a sharp decline in the lira and surging food prices.
Bankers said the government, in a departure from previous years, is hiking taxes and prices on items that account for only a small portion of the inflation basket.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 20	316.15
Diesel/Litre / Jul 20	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

Turkey economy

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