Turkey’s stock market jumped to a record high on Monday after the country’s Islamist-rooted government was returned to office in a landslide election victory that amounted to a kick in the teeth for the country’s secular establishment and powerful military.

With counting virtually complete, the Justice and Development party (AKP) won about 46.4 per cent of the popular vote in Sunday’s election, giving it 340 seats in the 550-seat parliament.