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 2022Kirill Bilyk
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%.
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Source: RB.RU by rb.ru.
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