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Istanbul shares

edge higher

ISTANBUL: Istanbul shares edged up on Wednesday on selective demand.

"The real upward reaction may occur tomorrow and on Friday. The index could see the 68,000-69,000 level if selective demand continues," Hakan Derinkok from Turmen Securities said.

The IMKB-100 .ISECgained 0.96 percent or 634.61 points to end at 66,753.98, rebounding from a morning low of 65,115 with the help of technical support awaited at around 65,400.

Trade volume was eight trillion lira, down slightly from 8.32 trillion lira on Tuesday.

"The market was much better (in the afternoon) compared to the morning. I think purchases might continue until the index sees the 68,000 level in the short-run," Mustafa Toprak from Esbank said.

Brokers said the market was still a bit stagnant after the recent correction downward which started late last week amid political concerns, following the index's 80 percent surge from end-December to an all-time high last Monday.

The market remains tense ahead of parliament's gathering on April 24, when one of the main opposition Islamist Welfare Party's (RP) two allegations of corruption against former -Reuter