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Turkish shares rise after Iran ceasefire deal, lira set for rare daily gain
The lira and airline stocks led the rise of more than 4% in 'Turkish shares on Wednesday, while the two-week Middle East ceasefire ignited a rally on global markets. The BIST 100 index of Turkey was up 5% at 1057 GMT. Meanwhile, the banking index was up by 9%. BIST 100 index fell 1.45% on Tuesday. Turkish Airlines shares rose 8%, while airline Pegasus's shares grew 7%. Following overnight drops in oil prices, shares in Turkish petrochemical firms Tupras & Petkim fell by 5% and 6% respectively. In a post posted on X, Pakistani Prime Minister Shehbaz sharif announced that...