CAPITAL MARKETS - Dow Jones Indexes: Turkey has most ‘sophisticated' financial market in region

The İstanbul Stock Exchange (İMKB) is “more sophisticated” than its regional competitors in the Middle East, North Africa and Eastern Europe according to Dow Jones Indexes' Senior Director of International Markets and Products Deborah Ciervo.

Ciervo, speaking with Today's Zaman, praised the depth of knowledge and expertise in terms of trade execution, which provides the İMKB with liquidity and a market that "continuosly moves,” while other regional exchanges have seen their liquidity and trading volume slow down over the past three years. Ciervo added that one of İstanbul's competitor, Moscow, is not as accessible to foreign investors as the İMKB due to a less open and favorable legal and regulatory framework. (source)

CAPITAL MARKETS - DJ Kuveyt Turk Prices US$350 Million 5-Year 5.875% Sukuk Bond At Par

zawya.com - LONDON -(Dow Jones)- Kuveyt Turk Participation Bank priced its US$ 350 million, five-year sukuk bond, one of the banks running the deal said Thursday.  (source)

CAPITAL MARKETS - Kuwait DJIM index one of top losing composites

arabtimesonline.com - The Dow Jones Islamic Market Turkey Index closed at 2,954.44, a performance loss of 2.84%, while the Dow Jones Turkey Total Stock Market Index closed at 1,068.38, a gain of 1.84%.  (source)

BANKING - 7 bids for retailer 101 - Bank Asya planning to sell participation

JUST-FOOD.COM - Turkish discount retailer A101 has reportedly attracted seven bids in the first round of an auction.

TPG and Permira are among the private-equity firms that submitted bids by the deadline ten days ago, alongside several trade buyers, according to Dow Jones Newswires.

A101 has been valued at between TRY800m (US$448m) and TRY1bn. Next-round bids are due at the end of the month, the news agency said. (source)

BANKING - Regular Review Results for Dow Jones Islamic Market Indexes

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In the Dow Jones Islamic Market Turkey Index, five components will be added and one component will be deleted. That increases the number of components in the index to 33 from 29.