Türkiye shares contain the highest closure ever, optimistic about the benefit

Türkiye’s shares rose to the highest level during the trade session, amid strong expectations of slowdown, increasing the bets on further reduced interest rates. The Istanbul 100 Stock Exchange Index, which is the Standard Index of the Turkish market, rose 1.3% on Thursday to approach the previous standard closure in July 2024. The index has risen 25% since May, driven by increasing optimism over financial facilitation, attracting the attention of foreign investors. The turbulence of the Turkish market, but the performance of the Turkish market has been volatile in recent months due to the political turmoil that has hampered the way of reducing interest, as well as anxiety over the possibility of a $ 1.3 trillion economy to a sharp decline. However, the waves of pessimism between investors have decreased, with the ongoing slowdown in prices, increasing expectations with further reduced interest. The profits achieved in the struggle to combat high inflation also indicate that Türkiye’s painful return to a more traditional monetary policy begins to bear fruit. Also read: Inflation delays in Turkey more than expected, improving interest reductions, Jean Oxon, the main trader of the worldwide securities in Istanbul: “Investors are confident in the slowdown of inflation, amid continued expectations with further reduced interest rates.” Reducing the interest in Türkiye resumed the reduction of Türkiye in July, and the central bank reduced the price of a week purchase by 300 basis points to 46%, exceeding the expectations of most economists. The Turkish central bank said the upcoming monetary facilitation decisions would be made “on the basis of each meeting separately, focusing on inflation expectations.” The rate of inflation in consumer price in July came without the expectation of analysts, which indicates a new possibility of the interest in September. Turkish stock gain has achieved the 100 profits by 14% since the beginning of the year, but it is still a decline in 1.5% if it is measured in dollars as a result of the decline in the lira, compared to the 17% profit in the standard index of emerging stock market “MSCI”. Despite the Gulf of Ascension, local investors who bought real losses in the index, as inflation increased by 33.52% annually.