Turkish Airlines, airport operator shares weaken after Istanbul attack

 29 Jun 2016 - 11:32

Turkish Airlines, airport operator shares weaken after Istanbul attack
A bullet impact is pictured on a window on June 29, 2016 at Ataturk International airport in Istanbul. AFP / OZAN KOSE

 

ANKARA: Shares in Turkish airlines and an airport operator fell on Wednesday after suicide bombers attacked Ataturk Airport in Istanbul killing 36 people, while the main share index and the lira held firm.

Three suicide bombers opened fire then blew themselves up in Istanbul's main international airport on Tuesday evening, killing dozens and wounding close to 150, the latest in a series of bomb attacks in the country's biggest city this year.

Turkish Airlines shares were down 2.2 percent by 0713 GMT, having fallen 3.2 percent on opening. Shares in TAV Airports, which runs Ataturk Airport on the European side of the city fell as much as 4 percent.

Budget carrier Pegasus, which operates flights using the airport on the Asian side of the city, saw a fall of more than 1 percent in morning trading.

The main stock index was virtually flat, lagging behind emerging market peers.

The lira continued to firm after the normalisation of relations with Israel and Russia boosted sentiment. It stood at 2.8914 against the dollar compared to 2.9156 late on Tuesday. Analysts said such attacks had already been priced in.

Moscow imposed sanctions on Turkey and Russian visitors largely stopped coming after Ankara downed a Russian jet near the Syrian border.

In May foreign visitor arrivals in Turkey saw their biggest drop in at least 22 years as Russians continued to shun their Black Sea neighbour and security fears kept other tourists away.

The benchmark 10-year bond was flat at 9.41 percent on Wednesday.

Reuters