The Kurdish insurgent group PKK in Turkey says it will lay down its arms and disband after a decades-long fight that killed tens of thousands.

Turkish stocks jumped on Monday, bonds climbed and the lira rallied against the euro as news the Kurdistan Workers Party (PKK) militant group was ending its four decade-long insurgency in the country added to U.

Abdullah Öcalan, the imprisoned leader of the Kurdistan Workers' Party (PKK), has welcomed the group's decision to dissolve itself in line with his appeal in February.

The Kurdistan Workers Party, a militant organization that seeks an independent Kurdistan, announced it was disbanding, a move that is expected to have wide-ranging consequences throughout the region.

This signals the end of one of the longest conflicts in the world - a historic moment for Turkey, its Kurdish minority, and neighbouring countries into which the conflict has spilled over. A spokesman for President Recep Tayyip Erdogan's ruling party said it was an important step towards a country free of terror.

The beginning of the end is near for the terrorist group PKK to completely dissolve itself, as media reports say the group will turn in its arms

If decision to dissolve PKK terror group is implemented 'sincerely, it will be very beneficial for everyone, for our future,' says Hakan Fidan - Anadolu Ajansı

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