The benchmark index Borsa Istanbul 100 this year rose by more than 80% in dollar terms, making Turkey's stock market the most profitable in the world, Bloomberg reported.

The benchmark Borsa Istanbul 100 index rose more than 80% in dollar terms and 150% in lira terms, the best performance recorded in the Turkish stock market since 1999, the publication noted.

According to the agency that local investors have decided to invest in their country's shares as a kind of "safe haven" in the face of record inflation, which in October has already exceeded 83%. At the same time, the Turkish central bank continues to reduce interest rates for the sake of economic growth.

Analysts believed that the attractiveness of Turkish stocks will remain in the first half of 2023, even if inflation in the country begins to decline.

In early June, Bloomberg reported that the Turkish stock market in January-May 2022 showed the best dynamics in the world in terms of local currency. The growth rate of Turkish shares has surpassed other world stock markets amid the popularity of assets among Turkish investors who are looking in them for protection against runaway inflation

Earlier it was reported that the management of the Moscow Stock Exchange in late June may launch a separate trading regime for non-residents, where they will be able to sell and buy Russian securities for rubles.