09.12.2024 11:10
Borsa İstanbul opened with a 1% increase as the civil war in Syria approaches its end. With the expectation that Turkish companies will play an active role in the country's reconstruction, cement stocks surged.
The collapse of the Assad regime over the weekend caused positive winds to blow in Borsa Istanbul. Recent developments in neighboring Syria have been interpreted as a sign that the 13-year civil war is coming to an end. The BIST 100 index rose by 1% in the morning hours, reaching 10,188 points.
CEMENT STOCKS SOARED
In Borsa Istanbul, cement companies that are thought to play an active role in the reconstruction process of Syria saw significant increases. At the opening, the shares of Uşak Seramik and Sanko Holding, which have cement factories, rose by 10%.
Nuh Cement, OYAK Cement, ÇİMSA, Limak Eastern Anatolia Cement, and Çimbeton stocks also hit the ceiling, while Afyon Cement rose by 8%. İskenderun Iron and Steel (İsdemir) shares also gained 10% in value in the morning hours.