The strongest stock buy in 5.5 years

A significant development has taken place on the international stage. A 3 TRILLION-LIRA RISE Following the attacks on Iran, the index on the Istanbul Stock Exchange fell by 8% to 13,626; since March 30, it has risen by 14%. The market capitalization of companies decreased by 1.

1 trillion lira to 18.6 trillion, while since March 30, it has increased by 2.3 trillion lira to 19.

Details of the Developments

Foreign investors, who made net sales of $623.3 million on the Istanbul Stock Exchange in March, made net purchases exceeding $1 billion during the week of April 3–17. Foreign investors purchased $579.

4 million in stocks and 243 million in bonds. This brought foreign stock purchases to their highest level since the week of November 13, 2020. Over the two weeks from April 3 to 17, foreign investors purchased 1.009 billion dollars in stocks and 955.

7 million in bonds. During the same period, foreign inflows from swaps also reached 12. Thus, total foreign inflows over the two weeks amounted to 14.865 billion dollars.

What Do Experts Say?

Between February 27 and April 3, there had been $29 billion in foreign outflows via the swap channel and $8.2 billion in outflows on the bond and stock sides. Foreign investors’ stock holdings stood at $61.

35 billion dollars, and their bond holdings to 15. RESERVES ARE RECOVERING The trend of recovery in reserves, which had declined due to the war, continues. According to Central Bank data, gross reserves rose by 3.

6 billion, reaching 174.5 billion dollars. Net reserves excluding swaps also rose by 39.

This news has made its way into the top headlines of the global agenda. Experts are closely monitoring potential developments.