Summary
Turkey's equity benchmark finished the trading session in Istanbul higher on Tuesday, with the BIST 100 index gaining 1.87% to close at a new all-time high. Sector strength was concentrated in Telecoms, Basic Metals and Transport as a greater number of stocks advanced than declined.
Market movers
The session's top performers on the BIST 100 included Can2 Termik AS (IS:CANTE), which rose 9.50% or 0.17 points to trade at 1.96 at the close. Kiler Holding AS (IS:KLRHO) added 7.56% or 42.50 points to finish at 605.00, reaching an all-time high in the process. Grainturk Holding AS (IS:GRTHO) was up 5.93% or 12.70 points to 226.70 in late trade.
On the downside, Efor Yatırım Sanayi ve Ticaret A.Ş. (IS:EFOR) declined 4.59% or 1.02 points to trade at 21.20 at the close. Ral Yatirim Holding AS (IS:RALYH) fell 3.93% or 7.40 points to 180.70, while Oba Makarnacilik Sanayi ve Ticaret AS (IS:OBAMS) dropped 3.72% or 0.32 points to 8.28.
Market breadth and notable milestones
Advancing issues outnumbered decliners on the Istanbul Stock Exchange by 373 to 219, with 17 stocks ending the session unchanged. The market-wide rise lifted the BIST 100 to its record closing level, and Kiler Holding AS (IS:KLRHO) recorded an all-time high price, closing at 605.00 after a 7.56% gain.
Commodities and foreign exchange
Precious metals and energy contracts moved higher during the session. Gold Futures for April delivery rose 6.37% or 296.51 to $4,949.11 a troy ounce. In oil markets, crude for March delivery increased 1.14% or 0.71 to $62.85 a barrel, while the April Brent contract rose 0.89% or 0.59 to trade at $66.89 a barrel.
Currency pairs involving the Turkish lira showed modest changes. USD/TRY was up 0.07% at 43.48, and EUR/TRY rose 0.22% to 51.38. The US Dollar Index Futures moved lower, down 0.20% at 97.30.
Key takeaways
- The BIST 100 closed at a new all-time high, supported by gains in Telecoms, Basic Metals and Transport sectors.
- Several individual stocks posted double-digit percentage moves on the session, with marked divergence between the top gainers and laggards.
- Commodities and FX markets recorded notable moves in gold, crude and lira currency pairs, reflecting broader market activity during the session.
Risks and uncertainties
- Market concentration risk - gains were driven by specific sectors and individual large movers; sector concentration could affect index performance if those stocks reverse.
- Volatility in commodities and FX - significant moves in gold and oil, plus fluctuations in USD/TRY and EUR/TRY, introduce cross-market uncertainty for equities sensitive to commodity prices and currency swings.
- Stock-level downside risk - several listed companies declined sharply, illustrating uneven performance that could translate into increased sector-level volatility.
Conclusion
The Istanbul exchange closed higher on Tuesday with the BIST 100 reaching a record close, led by gains in Telecoms, Basic Metals and Transport. A larger number of rising issues than falling ones supported the advance, while notable movements in gold, crude oil and lira currency pairs accompanied the equity gains. Market participants should note the uneven participation across individual names despite the index-level milestone.