06-03-2025
Turkish Stocks Set to Enter Bull Market after Third Rate Cut
Turkish stocks were set to enter a bull market, extending gains driven by expectations for further interest-rate cuts this year after Thursday's reduction.
The Borsa Istanbul 100 Index rose as much as 1.8% to 10,376 points on Thursday, and is now up by 20% from the lows hit in early November. If that move holds until the close, it would put the market into bull territory. Since November, Akbank and Aselsan soared 56% and 73%, respectively, contributing the most to the rally.
