Stock Markets January 30, 2026

Istanbul market edges higher as banking and financial names lift BIST 100 to fresh peak

BIST 100 posts a slim gain while select lenders and holdings reach new highs; commodity and FX moves show mixed pressures

By Marcus Reed
Istanbul market edges higher as banking and financial names lift BIST 100 to fresh peak

Turkey's BIST 100 closed modestly higher, rising 0.05% to a record level as strength in Banking, Financials and Holdings & Investments stocks supported the market. Individual winners included Sekerbank TAS, Kiler Holding AS and Akbank TAS, all of which climbed to all-time highs. Market breadth was uneven, with more decliners than advancers. Commodities and currency contracts registered notable moves alongside the equity close.

Key Points

  • BIST 100 rose 0.05% to a new all-time closing high, led by gains in the Banking, Financials and Holdings & Investments sectors.
  • Top individual performers included Sekerbank TAS, Kiler Holding AS and Akbank TAS, all reaching record highs; major decliners included Pasifik Eurasia Lojistik, Dogal Enerji Kaynaklari and Can2 Termik.
  • Commodities and currency markets were mixed: April Gold Futures fell, crude and Brent eased slightly, USD/TRY rose and EUR/TRY fell.

Turkey's main stock benchmark finished marginally higher on Friday, with the BIST 100 gaining 0.05% to record a new all-time closing high in Istanbul. Sector advances were concentrated in Banking, Financials and Holdings & Investments, which underpinned the modest overall rise.

At the closing bell, several individual names posted sizeable moves. Leading the session on the index was Sekerbank TAS (IS:SKBNK), which jumped 9.72% - adding 0.81 points to finish at 9.14. Kiler Holding AS (IS:KLRHO) followed with a 9.46% increase, up 51.00 points to close at 590.00. Akbank TAS (IS:AKBNK) also moved higher, rising 4.44% or 3.95 points to end the session at 92.95.

Not all stocks participated in the advance. The heaviest declines included Pasifik Eurasia Lojistik Dis Ticaret AS (IS:PASEU), which fell 9.95% or 16.40 points to 148.50 at the close. Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IS:TRENJ) dropped 8.32%, losing 9.80 points to finish at 108.00, and Can2 Termik AS (IS:CANTE) declined 7.89% or 0.18 points to 2.10.

Market breadth was skewed toward falling issues, with 361 stocks down versus 229 advancers on the Istanbul Stock Exchange, and 20 names ending unchanged.

Several of the session's gainers reached new record levels. Shares of Sekerbank TAS, Kiler Holding AS and Akbank TAS each advanced to all-time highs during the trading day, reflecting concentrated buying in those financial and holdings names.

Outside equities, key commodity and currency contracts moved in mixed fashion. April Gold Futures were reported down 5.29% or 283.11 to $5,071.69 a troy ounce. In oil markets, March crude oil fell 0.12% or 0.08 to $65.34 a barrel, while the April Brent contract eased 0.09% or 0.06 to trade at $69.53 a barrel.

Currency pairs and dollar contracts showed modest shifts. USD/TRY was higher by 0.14% at 43.50 as of the close, while EUR/TRY declined 0.63% to 51.78. The US Dollar Index Futures moved up 0.53% to 96.65.


Overall, the session combined record-setting performances in select financial and holdings stocks with broader market weakening in a larger number of issues, while commodities and FX displayed mixed trends through the close.

Risks

  • Market breadth was negative with more decliners than advancers, which could signal uneven participation across sectors - this primarily affects equity investors and financial sector sentiment.
  • Significant moves in commodities such as gold and modest oil price declines introduce uncertainty for commodity-sensitive sectors and investors.
  • Currency swings in USD/TRY and EUR/TRY, together with a firmer US Dollar Index Futures, point to ongoing FX volatility that could affect exporters, importers and companies with dollar-denominated exposures.

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