Turkish Stocks Explode 2.3% in Single Day, Central Bank Steps In to Fuel Rally

Turkish Stocks Explode 2.3% in Single Day, Central Bank Steps In to Fuel Rally

Turkey’s main stock market surged on Monday, with the BIST 100 index jumping 2.34% in a powerful single-day rally [71758]. The gains came just days after the country’s central bank launched a new policy to directly pump money into equities, offering cheaper financing to lenders that buy more domestic stocks [80220].

On Monday, the BIST 100 closed up roughly 316.4 points, marking a sharp rebound from the previous session’s losses [71758]. The dramatic move followed a strong midweek open, where the index gained 26.64 points amid continued volatility [33768]. The central bank’s new funding strategy, announced on Wednesday, is now seen as a key driver of investor confidence, as it explicitly rewards banks for channeling capital into Turkish equities [80220].

Despite the recent volatility—including a Tuesday plunge that mirrored a global sell-off [33252]—the market has shown clear signs of a sustained upward push. The BIST 100 opened higher on Thursday, adding more than 55 points, and has posted several positive sessions in recent weeks [8749][21230][128734]. The central bank’s intervention signals a deliberate shift in policy to support stock prices, even as broader economic uncertainties linger [80220].