Bloomberg News

Turkish Shares Drop to 3-Month Low on Bank Profits, U.S. Data

June 15, 2011

June 15 (Bloomberg) -- Turkish stocks fell to a three-month low on reports of measures that might hurt bank industry profits and as a gauge of manufacturing in the New York region unexpectedly shrank in June.

The main ISE National 100 index dropped as much as 2 percent to 60,931.20 in Istanbul, the lowest since March 7, and fell 1.9 percent to 61,002.20 at 3:52 p.m.

To contact the reporter on this story: Benjamin Harvey in Ankara at bharvey11@bloomberg.net

To contact the editor responsible for this story: Mark Bentley at mbentley3@bloomberg.net


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