Turkish stock market showed the highest return among the world in 2022

The Turkish stock market became the most profitable in the world in 2022. The key market index since the beginning of the year has shown a yield of more than 80% in US dollars. Investors are looking to keep their money in stocks amid rising inflation, which is comparable to the rate of market growth – in October it reached 83%.

Turkish stock market showed the highest return among the world in 2022

Turkey’s key stock market index Borsa Istanbul 100, which tracks shares of the top 100 companies on the Istanbul Stock Exchange, has returned over 80% in US dollars and over 150% in Turkish lira this year.

Such rapid growth was the best result of the Turkish stock market in the last 23 years, notes Bloomberg. In November, the index peaked at 4784 points. During trading on Tuesday, November 22, the index also increases.

The Turkish stock market is rising while the main world markets – American, European and Asian – are declining. The S&P 500 is down almost 20% this year, the Nasdaq is down almost 30%, and the DAX and Shanghai Composite end the year with negative dynamics.

Turkish investors are keen to keep their savings in equities amid rising inflation. By October 2022, its growth was comparable to the growth of the stock market – it reached 83%.

Subscribe to our Telegram channelto keep up to date with the latest news and events!

Source: RB.RU by rb.ru.

*The article has been translated based on the content of RB.RU by rb.ru. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!