Shares in Turkish construction and cement companies surged on Monday, buoyed by expectations that they will benefit from rebuilding in Syria after rebels overthrew President Bashar al-Assad.
"With the fall of the Assad regime, the reconstruction of Syria is moving forward," said Yakup Toktamış from brokerage Trive Yatirim.
Yusuf Doğan, head of Global Markets Research at Info Yatırım, said there would be significant opportunities for Turkish companies in the construction, cement and steel sectors following the political shift in Syria.
Turkey's geographical proximity and existing trade relations give its companies an edge in Syria's reconstruction process, Doğan added.
Shares in Turkey's largest construction company Enka İnşaat rose around 4%. Cement companies Bursa Çimento (BUCIM.IS) and Oyak Çimento (OYAKC.IS) jumped 5.3% and 9.9%, respectively.
Steelmaker Iskenderun Demir Çelik (ISDMR.IS) rose nearly 10% and Emlak Konut (EKGYO.IS), one of Turkey's largest real estate developers, gained 2.2%.
Turkey's non-metal index (.XTAST), which includes cement companies, was up 6.57%, while the construction index (.XINSA) rose 2.79%.
