The Istanbul stock exchange rose by 8.2 percent in morning trading on Wednesday after Turkish Prime Minister Bulent Ecevit had announced that the IMF would release 10 billion dollars of crisis aid.
The national index rose by 718 points to reach 9,473 points.
Wednesday's rise came after Ecevit declared that talks aimed at securing additional funds from the IMF had "ended in full agreement".
The Prime Minister added that the funds, including both new resources and tranches under Ankara's three-year four-billion-dollar stand-by deal, amounted to 1O billion dollars.
On Tuesday, the stock exchange registered a record 19.5 percent rise to close at 8,755 points after government hints that it was near a deal with the IMF.
For the past two weeks, Turkey has been suffering from a severe liquidity crisis, massive flight into foreign currency and sky-rocketing interest rates.
Due to the turmoil, the stock exchange had slumped by 44 percent since mid-November -- ANKARA (AFP)
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