Turkish economy’s potential for growth grabs foreign investors’ attention

Foreign investors have recently shown immense interest in the Turkish stock market, according to the latest data from the Central Bank of Turkiye

Foreign investors have recently shown a marked increase in their interest in the Turkish stock market, according to the latest data from the Central Bank of Turkiye.

The report, covering the week ending Dec. 29, reveals a significant trend of net buying by foreign investors in the Istanbul Stock Exchange over nine weeks.

Foreign investors were net buyers, purchasing stocks worth a total of $1.941 billion from Nov. 3 to Dec. 29.

This surge in foreign investment reflects growing confidence in the Turkish equity market, underscoring a notable shift in investment patterns.

Besides their bullish stance in the stock market, foreign investors have also been actively investing in the Turkish bond market.

During the same nine-week timeframe, they were net buyers in this sector as well, with net bond purchases totaling $1.531 billion.

The Central Bank’s report, however, did not specify which stocks particularly have been most popular among these foreign investors.

This information is crucial for understanding the specific sectors or companies that are attracting international capital, providing insights into market trends and investor confidence in the Turkish economy.

The increased foreign investment in both stocks and bonds highlights the growing interest of international investors in Turkiye’s financial markets to international investors.

This trend is significant for the Turkish economy, as it indicates a positive sentiment among global investors and could lead to further capital inflows in the country.

Source: Newsroom

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