Stock exchange prone to elections

       The expected termination of the uncertainty over the election date, which is among the biggest challenges to the the stock exchange, brought relief to the market. Prime Minister Mesut Yilmaz's planned meeting with the Republican People's Party leader Deniz Baykal today and the expectations that a precise election schedule will be approved, made a doping effect at the stock exchange. International market rise was also effective on the index rise at the IMKB:
       Shares gained 7.68% on average as the IMKB - 100 Index climbed by 125 points to 2,177.Trade volume which fell as much as to 26.5 trillion liras on Monday, boosted by 82% and rose to 48.2 trillion liras.
       The Istanbul stock exchange which is going through hard days due to an early election syndrome found some relief over the news that Mr. Baykal - who is insistent on holding of elections in December - and Mr. Yilmaz will meet today.
       As the bourse displayed a quick rise, bond rates fell 3 points.
       Banking was the most active sector in yesterday's trade. Blue chip Yapi Kredi Bankasi shares gained 12.73% while Akbank earned 11.76%. The stock values of Garanti Bankasi and Is Bankasi (C) rose 8.24 and 5.56 respectively.