Fund Management

Turkish stocks recoup post-quake losses thanks to measures

Turkish equities have reversed their post-quakes losses in a little more than a day, less than the amount of time it took for the big slump to occur, thanks to government measures to support its stock market. 
A bird sits in a cage at a tent, which serves as a camp for survivors, in the aftermath of the deadly earthquake in Osmaniye, Turkey February 16, 2023. | Photo: Suhaib Salem/Reuters/Ritzau Scanpix
A bird sits in a cage at a tent, which serves as a camp for survivors, in the aftermath of the deadly earthquake in Osmaniye, Turkey February 16, 2023. | Photo: Suhaib Salem/Reuters/Ritzau Scanpix
By Tugce Ozsoy / Bloomberg

The benchmark Borsa Istanbul 100 Index rose as much as 7.5% before trading 6.2% higher as of 10:29 a.m. in Istanbul on Thursday, climbing to its highest level since Jan. 26. The index extended its two-day gains to 17%, the biggest such rally since 2002. It was also about 17% above its Feb. 7 low.

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