Qatari holdings in Turkey’s Istanbul Borsa drop by 31%

This general view shows the exterior of Borsa Istanbul in Istanbul on May 22, 2018. (File/AFP)
Updated 13 June 2019

Qatari holdings in Turkey’s Istanbul Borsa drop by 31%

Data from the Central Registry Agency in Turkey showed that Qatari investors have withdrawn 4.6 billion Turkish liras of their holdings in Turkey’s İstanbul Borsa stock exchange during the first five months of 2019, reducing their shares by 31 percent, Cumhuriyet newspaper reported.

Official figures published by the Turkish Statistical Institute showed that foreign investors continue to exit.

The total holdings of Qatari investors were 14.745 billion liras in December 2018, but they plunged in May 2019 to 10.181 billion liras.


Sterling falls as doubts about Brexit backstop hopes grow

Updated 23 August 2019

Sterling falls as doubts about Brexit backstop hopes grow

  • Sterling fell 0.5% to $1.2197 on Friday, retreating from the 3-week high hit on Thursday
  • Angela Merkel previously suggested a solution to the Irish border question could be found

LONDON: The pound on Friday gave back some of the gains it made the day before as investors reassessed whether British Prime Minister Boris Johnson had made any progress in convincing the European Union to renegotiate the Brexit withdrawal agreement.
German Chancellor Angela Merkel’s comments on Thursday that a solution to the Irish border question post-Brexit could be found before Oct. 31, the deadline for Britain to leave the EU, triggered a sharp rally in the pound.
But many analysts said the comments reflected market positioning rather than any confidence Britain and the EU would renegotiate their agreement to avoid a no-deal Brexit.
“The market is very short and that is naturally going to make the market very sensitive to any news (that makes them think)...have we got this wrong?,” said Jane Foley, a strategist at Rabobank.
“I’ve not read an awful lot into these moves,” she said, adding that thin summer liquidity had exacerbated this week’s volatility.
Sterling fell 0.5% to $1.2197 on Friday, retreating from the 3-week high hit on Thursday.
Versus euro the pound was down 0.4% on the day at 90.770 pence.