Statements Of Joint Staff Frightened Markets

Markets started to take precautions since the briefing of the Joint Staff was interpreted as “We are going to Iraq,” and the remarks on responding to any armed attack was grasped as a possible war. Especially with the impact of the sales in the second session, ISE fell by 355 points to 15.064 points at the end of the day. The value of Dollar increased by about 9 thousand TL, when compared to its closure price last week and rose to approximately 1.4 million TL. However interest rates remained at 30.49%, which is the level of the last week.�