Turkish ETF Falls With Losses In Domestic Market

By Ciara LinnaneMarketsMarketWatch Pulse

An exchange-traded fund tracking the Turkish stock market fell sharply Monday, catching up with losses in the Turkish market after a failed coup attempt at the weekend. The iShares MSCI Turkey ETF was last down 6.2% at $39.02. Telecoms company Turkcell , Turkey's only American Depositary Receipt to be listed on a U.S. exchange, was down 5.1% at $9.09. In Turkey, the benchmark BIST 100 index closed down 7.1%, with all of its components down except for industrial conglomerate Dogan Sirketler Grubu Holding AS , which was up 2%. The company owns CNN Turk, whose on-air broadcast was briefly interrupted early Saturday as soldiers overtook the broadcaster's studio. The Turkish lira was up 1.8% against the dollar, after falling 4.7% on Friday.

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