In this paper, the effects of monetary policies on the Borsa Istanbul (BIST) stock market have been examined in Turkey for the period 2006-2016. The obtained findings point out some significant effect of the monetary policy on BIST stock market prices and returns in Turkey. In this context Johansen Cointegration and Granger Causality test methods were used. According to the Johansen Cointegration results it proves to be a long-run relationship between the series included. Moreover, the Granger Causality test results suggest an important relationship from the money supply (M2) and deposit interest rate (DIR) variables towards the BIST stock market price index (BIST100F) and return index (BIST100G).
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