Turkey's constitutional court will decide whether to review the March 14 request of Turkey's prosecutor-general to ban the ruling Justice and Development Party (AKP) within 10 days of its filing, Reuters reported.

The case highlights the exacerbation of the years-long conflict between the ruling party and the secularists, who accuse the AKP of trying to return Turkey to the islamist fold, and might lead the country to a period of political instability and rattle its financial markets, experts quoted by Reuters warned.

Most Turkish media predict the court will proceed with the case because eight out of 11 constitutional court judges were appointed by former president Ahmed Necet Sezer, a pro-secular politician.

But the court might take months to come up with a verdict, foreign experts said.

According to western analysts, however, the AKP is capable of overcoming the crisis. As is the EU enlargement commissioner Olli Rehn, who lashed out at the attempt of Turkish judiciary to intervene in domestic politics.

Turkey's stock exchange lost nine per cent of its capitalisation on March 17 over investors' fears the case might undermine political stability in the country.

The Turkish lira broke the resistance point of two lira to the euro, losing ground against the US dollar as well.