ISE to expand to Gulf


Haber Turk - Istanbul Stock Exchange (ISE), one of the best performing stock markets in the world, has set its new target: the Gulf countries. With its 97 percent index rise in 2009, ISE has landed in the fourth place in the emerging market equities and has already signed a joint-index agreement with the Greek stock market. In parallel with the notion of making Istanbul a new regional and global financial center, ISE’s efforts to establish joint indexes with other stock markets is now focused on the Gulf countries such as Oman, Abu-Dhabi, Saudi Arabia and Yemen. ISE President Huseyin Erkan, following his visit to Oman last week, said ISE signed an agreement with the country and is aiming to work on a joint-index in the future.