Turkey stocks higher at close of trade; BIST 100 up 1.12%

Turkish investors celebrated a positive trading session as the benchmark BIST 100 index closed 1.12% higher in Istanbul on June 15, 2023, driven by improved investor sentiment following recent economic policy announcements and global market stabilization. The broader market sentiment was bolstered by the Central Bank of Turkey's commitment to maintaining tighter monetary policy despite inflation concerns, which reassured foreign investors about the country's economic direction. Major banking and technology sectors led the gains, with Garanti Bank and Turkcell among the top performers, as investors rotated into quality stocks amid volatile market conditions. Analysts noted that the positive performance reflected a combination of domestic policy confidence and reduced global risk aversion, with emerging markets across the region showing synchronized recovery patterns. The trading volume remained robust, with approximately 18.5 billion shares changing hands, indicating strong participation from both institutional and retail investors.