Ankara: Templeton Asset Management Limited's Mark Mobius plans to increase his holdings of Turkish stocks, which rank among the cheapest in emerging markets even after gains pushed prices to record highs. Turkey's ISE National-100 index rose 15 per cent this year, the most among major European gauges, to an all-time peak yesterday. Valuations at 10.7 times reported earnings, the highest since March, are 30 per cent below the 15.3 times multiple for the benchmark MSCI Emerging Markets Index,...
Full Story: Gulf News
