Turkey's Stock Market Hits Record High as BIST 100 Jumps 1.28% on a Wave of Industrial and Banking Gains
**Turkey's Stock Market Hits Record High as BIST 100 Jumps 1.28% on a Wave of Industrial and Banking Gains** Turkey’s main stock index, the BIST 100, closed at an all-time high on Monday, jumping 1.28% to gain about 184.9 points [134445]. The rally was mirrored elsewhere, as the West African BRVM stock market also ended the week on a strong note, with its main composite index rising 0.89% to 402.59 points, driven by a surge in industrial and banking stocks [134627]. The positive sentiment in Turkey continued into Tuesday, where the BIST 100 opened higher, gaining 20.8 points at the start of trading [21230]. By the close of the session, the index had extended those gains, finishing up 143.73 points, a rise of more than 1% [128734]. This streak of gains follows a single-day rally of 2.34% on the previous Monday, when the index surged by roughly 316.4 points [71758]. The Turkish market has also received direct support from the central bank, which announced a new funding strategy providing cheaper financing to lenders that increase their purchases of domestic stocks. Following that announcement, the BIST 100 jumped 32.6 points in a single session [80220]. However, not all sessions have been positive; the index fell sharply by 20.7 points on a Tuesday amid a global sell-off [33252], and dropped 30.85 points on another Tuesday [12525], highlighting ongoing volatility. Across the Atlantic, U.S. markets showed a split picture. The S&P 500 and Nasdaq Composite both hit new record highs on Tuesday, while the Dow Jones Industrial Average slipped 0.13%, dragged down by rising oil prices and stalled U.S.-Iran talks [134676]. European stock markets mostly slipped, with the Stoxx 600 falling 0.3% as investors held back ahead of major central bank meetings [134426]. Meanwhile, in Asia, a rapidly strengthening yen triggered a sharp sell-off in Tokyo, with the Nikkei dropping sharply as a strong yen threatens the profits of Japan’s major exporters [58812]. --- Turkey’s Stock Market Hits All-Time High West African stock market jumps as industrial and banking stocks surge Turkish Stock Market Rises in Early Tuesday Trading Turkish Stocks Surge as Key Index Jumps Over 1% Turkish Stocks Surge 2.3% in Single-Day Rally Turkish Stock Market Surges on Central Bank Boost Turkish Stock Market Plunges Amid Global Sell-Off Turkish Stock Market Drops on Tuesday S&P 500 and Nasdaq Hit All-Time Highs as Dow Dips on Oil Jitters European Stocks Slide as Central Bank Decisions Loom Yen Surge Hammers Japan's Stock Market