Turkish Stocks Rise 5th Day on Merger Speculation; Bonds Rally
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Turkish stocks rose for a fifth day, their longest series of advances this year, on speculation foreign banks may be preparing to buy stakes in the country’s lenders and falling oil prices will reduce its trade deficit.
The ISE National 100 Index added 1.2 percent to 64,530.05 at the 5:30 p.m. close in Istanbul, its highest since Feb. 22. Yields on two-year bonds fell 10 basis points to 8.77 percent, according to the RBS Istanbul Benchmark Bond Index.