Turkey's stock market Borsa Istanbul (BIST) increased by 1.26 percent and the benchmark index closed at 82,271 , which has been the highest close in 15 months.

According to market analysts 84,000-84,500 points may be seen in the near future while 81,000 points would be the lower threshold.

Analysts note that political stability and strong fiscal policies by the government give confidence to both national and international investors.