# The Turkish Market Is Hitting Records in Lira. Dollar Investors See Something Else.

> Turkey’s BIST-100 index reached a record high in lira terms, while the lira fell to a record low against the dollar and the dollar-denominated iShares MSCI Turkey ETF remained well below its 52-week high. A local rally in bank shares, including after Garanti BBVA announced a share buyback, supported the index, while currency depreciation reduced returns for dollar-based investors.

- Date: 2026-11-05 · published 2026-11-06T06:12:36.428Z
- Category: macro · region Turkey · magnitude low
- Page: https://feedsoft.ai/events/83438-the-turkish-market-is-hitting-records-in-lira-dollar-investors-see-something
- Commodities: [Turkish Lira (TRY per USD)](https://feedsoft.ai/c/USDTRY.md)

## Why it matters

A weaker lira raises the local-currency cost of imported feed and other dollar-priced commodities. The article describes currency and equity performance rather than a change in agricultural supply or demand.

## Read by commodity

- USDTRY: bullish ▲

## Sources

- ainvest.com: https://www.ainvest.com/news/turkish-market-hitting-records-lira-dollar-investors-2611/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.