Turkish Stocks Score Longest Weekly Winning Run Since 2009
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Turkish stocks posted their longest streak of weekly gains in more than 11 years, as an improved global appetite for riskier assets and a pleasing switch to more orthodox monetary policy attracts investors to a market trading at alluring valuations.
The Borsa Istanbul 100 Index has advanced 4.3% in the first week of January, climbing to a record, and saw its 10th week of gains. That makes the rally that started in early November after an overhaul of Turkey’s top economic management the longest since May 2009.