Turkish banks lifted the benchmark stock index to a record as investors speculated Standard & Poor’s will raise the nation to investment grade and as Kurdish militants started withdrawing from the country today.
Fighters from the Kurdistan Workers’ Party, or PKK, have started withdrawing from Turkey under a peace agreement being negotiated between the government and the group’s jailed leader, a senior Kurdish lawmaker said.
Turkey stocks headed for a record as growing optimism over a peace process with Kurdish militants in the nation’s southeast and falling commodity prices fueled bets of a second credit-rating upgrade this year.
Abdullah Demirbas told his two sons that Turkey’s Kurds should claim their rights through politics, not war. One agreed, and is preparing to start compulsory service in Turkey’s army. The other didn’t, and fled to the mountains to join militants fighting against it.
Abdullah Ocalan, the jailed leader of the militant Kurdish group that has been fighting Turkey’s army for almost 30 years, called for an end to the armed struggle and a political solution to the conflict.