Economy in Turkey: Experts say controlled period has begun in Istanbul Stock Market

According to experts, the introduction of the Turkish Wealth Fund along with the regulations after the earthquake in Borsa Istanbul has started a “controlled” period. Experts have pointed out that moves have been made to ensure that the BIST-100 index is not lowered below the 5000 level.

The economic management has been making moves for some time, to prevent certain levels from being exceeded in certain areas such as bonds, loan interest rates, especially the dollar exchange rate. Borsa Istanbul has been the latest addition to these steps, which experts warn risks moving away from a free market economy.

While trying to prevent the decline with the steps taken after the earthquake, finally, the Turkish Wealth Fund, Ziraat Portfoy, poured money into the stock market. On the last trading day of last week, Ziraat Portfolio held the BIST100 index, which fell sharply by over 4 percent due to the impact of opposition developments, with a purchase of 4.31 billion liras.

Experts stated that moves had been made to prevent the BIST-100 from being lowered below the 4900-5000 level and that the logic maintained in dollar / TL was applied to the stock market.