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    AEFES.E — Anadolu Efes Biracilik ve Malt Sanayii News Story

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    Turkey's stock market opens up 2.5% in first session after runoff election

    Picture of Anadolu Efes Biracilik ve Malt Sanayii logoAnadolu Efes Biracilik ve Malt Sanayii
    29/05/2023 08:52
    GDANSK, May 29 (Reuters) - Turkey's benchmark BIST-100
index  .XU100  opened 2.54% higher on the first trading day
after President Tayyip Erdogan secured a victory in the
country's presidential election, extending his increasingly
authoritarian rule into a third decade.
     Erdogan extended his two decades in power in Sunday's
election, winning a mandate to pursue increasingly authoritarian
policies that have polarised Turkey and strengthened its
position as a regional military power.
    The banking sub-index  .XBANK  opened 1.38% higher.
    The benchmark index was up 2.28% at 0747 GMT, while the
banking sub-index rose 1.30%.
    Turkey's benchmark BIST-100 index has dropped 14.8% since
the start of the year.
    The Istanbul bourse index had notched 3.45% rise on the last
trading day before the runoff election.
    Shares of Turkish defense electronics company Aselsan
 ASELS.IS  and real estate investment trust Emlak Konut REIT

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