Turkish Foreign Portfolio Inflows Increase After Removal from Gray List

Significant Investments in Turkish Stocks and Bonds Highlight Foreign Investor Confidence

Recent data from the Central Bank of the Republic of Turkiye (CBRT) reveals a substantial influx of foreign portfolio investments following their removal from the gray list. Foreign residents engaged in their first round of stock purchases since the week of May 10, accompanied by significant bond purchases. The total portfolio inflow amounted to $1.661 billion.

During the week ending July 5, foreign investors made $156.4 million in equity purchases, marking their first buying spree since May 10. In contrast to the $679 million in bond sales during the week ending June 28, these investors recorded $1.480.2 billion in bond purchases during the week ending July 5.

As a result, foreign residents abroad executed one of their strongest government bond (DIBS) purchase phases in the last 1.5 months, increasing their total DİBS purchases to $9.6073 billion since the beginning of the year. During the week ending July 5, foreign residents’ DİBS holdings surged from $10.5003 billion to $12.4121 billion.

Simultaneously, foreign residents’ stock holdings increased from $39.7594 billion to $40.8235 billion, and their other securities and transactions (OST) stocks rose from $388.9 million to $417.9 million during the same period.

Source: Bloomberght / Prepared by Irem Yildiz

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button