Turkey's BIST 100 index rallied 4% to over 11,000 on Friday, tracking the rise in all Turkish asset classes after the country's court dismissed its case against the country's main opposition party, the CHP. Besides reassuring investors that Turkish courts still have a degree of independence from incumbent President Erdogan, the decision softened concerns of political risk since the arrest of Istanbul mayor Imamoglu before his Presidential bid announcement in March, which resulted in a net $2 billion being pulled out from local markets since. Banks benefitted the most from the news, with Garanti Bankasi surging 13% and KOC soaring 17% on the week. In the meantime, the defense sector also supported the BIST 100 recently as geopolitical uncertainty in Europe drove NATO members to increase military spending. Aselsan stock surpassed TRY 210 to mark a 190% surge since the start of the year.