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Greek-Turkish stock index GT-30 officially launched

15 December 2009 / 11:12:40  GRReporter
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Officially started the GT-30 index, which reflects the condition of 30 companies, 15 out of which have the biggest market capitalization on the Athenian and Istanbul stock exchanges. The start of GT-30 if the first solid act of long term relationship stabilization between Greece and Turkey. The ceremony took place in Istanbul on Friday December 12 and in it participated Hussein Arkan, chairman and CEO of the Istanbul stock exchange (ISE) and Spiros Kapralos, chairman of the Athenian stock exchange (ATHEX). Other people present a the event were Vagat Agirai, chairman of the Capital Markets Council of Turkey, Rosa Anna Grimaldi, director of agricultural development in STOXX Ltd. and Emin Katana, chief director of ISE Settlement and Custody Bank.

“This new indicator will incorporate issuing new products that will provide new investment opportunities and more options for investors in both markets," said Spyros Kapralos at the opening. He stressed that we must take into account that the only road towards stronger and larger markets is encouraging investors to cross national boundaries, which will increase efficiency and reduce costs for investment.

Executive Director of the Istanbul Stock Exchange Hussein Arkan said: "Athens and Istanbul stock exchanges have a long history of close cooperation that started with the initiative for cooperation in South East Europe (SECI). Today, we gather the fruits of our longstanding work and cooperation through the official release of the index GT-30. This index will certainly help promote the Greek and Turkish markets. Launched at a time when global markets gradually recover from the financial turmoil, we expect the index GT-30 to attract attention to the exchange and to private and corporate investors, who will gain access to the highest and most liquid level of the Greek and the Turkish financial markets at the lowest possible price. "

Tags: GT 30 Athens stock exchange Istanbul stock exchange Greece and Turkey cooperation
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