Turkish Stocks Hover Near Record Highs

2025-12-24 11:48 By Andre Joaquim 1 min. read

Turkey's BIST 100 stock index was above 11,300 in late December, not far from the record high of 11,530 that has been retested multiple times since first reached in late August as markets assessed Turkey's uncertain economic outlook and its impact on major companies.

The Turkish government raised the country's minimum wage by 27% for the upcoming year, in line with what markets expected but undershooting the latest inflation rate of 31%.

Turkey's benchmark equity index was set to gain 14% this year with strong support from banks as both retail and institutional investors looked piled on assets to shield themselves from soaring inflation and a plunging lira.

Supportive catalysts included the national court's dismissal of the case against opposition party politicians.

Also, Aselsan stock was set to gain 210% this year on strong orders for NATO defense companies.

Still, the local currency's 18% depreciation against the dollar marked a negative year for Turkish equities in dollar terms.



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