Turkish Stocks Surge 2.3% in Single-Day Rally as Central Bank Fuels Buying Frenzy

Turkish Stocks Surge 2.3% in Single-Day Rally as Central Bank Fuels Buying Frenzy Turkey's stock market is on a tear, with the benchmark index posting sharp gains in recent sessions, fueled by a new central bank policy designed to pump money directly into local equities. The BIST 100 index, which tracks Turkey's top 100 companies, jumped 2.34% in a single day, closing up approximately 316.4 points [71758]. This followed another strong session where the index finished up more than 1%, gaining 143.73 points [128734]. The rally has been marked by positive opens, with the index gaining 20.8 points at the start of one Tuesday session [21230] and 26.64 points at the start of a Wednesday session [33768]. The surge is directly linked to a major policy shift by the Central Bank of the Republic of Turkey (CBRT). The bank announced it will provide cheaper financing to lenders who increase their purchases of domestic stocks, a move explicitly designed to support the market [80220]. Analysts say this new funding strategy is driving the upward trend. The gains stand in contrast to recent periods of volatility. Just days earlier, the same index had fallen sharply, dropping 20.7 points in a single session amid a global sell-off [33252], and had closed another Tuesday down 30.85 points [12525]. The central bank's intervention appears to have reversed that negative sentiment, at least temporarily. Market observers are now watching to see if the positive trend holds. The BIST 100 is a key indicator of financial health and investor confidence in Turkey, and its recent performance suggests a concerted effort to stabilize and boost the equity market [80220]. Turkish Stocks Surge 2.3% in Single-Day Rally Turkish Stocks Surge as Key Index Jumps Over 1% Turkish Stock Market Surges on Central Bank Boost Turkish Stock Market Rises in Early Tuesday Trading Turkish Stocks Surge at Midweek Open