This is an entry from: Turkey-Syria earthquake: As it happened
Turkish stock market surges amid state support
15 February 2023 08:22 GMT
Turkey’s stock market surged on Wednesday as trading resumed following last week’s suspension due to the earthquakes that has left more than 35,000 dead in country.
Turkish banks have allocated $2.7bn from their 2022 income to help the post-earthquake relief effort, President Recep Tayyip Erdogan said.
The Borsa Istanbul 100 Index rose 5.9 percent at the open, partly recouping tens of billions of dollars in losses that followed the 6 February earthquakes.
Some government measures to boost the economy:
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State support underwrites reopening boost for stock market
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Turkey's wealth fund to support equities with new mechanisms
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Temporarily suspend some gold imports
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Plans for tax waiver for share buybacks on the Borsa Istanbul 100 Index