Turkey's stock market finished the trading day in positive territory on Thursday, with the benchmark BIST 100 advancing 3.16% to close at a new record level. Strength in the Leasing & Factoring, Banking and Wholesale & Retail Trade sectors underpinned the broader rise.
Top performers
The standout performers on the BIST 100 included Turkiye Sise ve Cam Fabrikalari AS, which gained 10.00% - an increase of 4.16 points - to finish at 45.78. Cw Enerji Muhendislik Ticaret ve Sanayi AS rose 9.97%, climbing 3.18 points to close at 35.08. Kiler Holding AS also posted a sharp advance, up 9.50% or 46.75 points to end the session at 539.00.
Lagging names
On the downside, EIS Eczacibasi Ilac Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS fell 4.36%, a decline of 5.50 points, to close at 120.60. Reeder Teknoloji Sanayi Ve Ticaret AS dropped 4.28% or 0.32 points to 7.15, while Dap Gayrimenkul Gelistirme AS slipped 4.14% - down 0.48 points - to finish at 11.12.
Market breadth was narrowly positive at the Istanbul exchange, with rising issues outnumbering decliners 304 to 291 and 15 stocks unchanged at the close.
Highs and notable moves
Shares of Turkiye Sise ve Cam Fabrikalari AS and Cw Enerji Muhendislik Ticaret ve Sanayi AS moved to 52-week highs during the session, with the former up 10.00% to 45.78 and the latter up 9.97% to 35.08. Kiler Holding AS reached an all-time high, rising 9.50% to 539.00.
Commodities and currencies
In commodity markets, Gold Futures for April delivery declined 2.32%, falling 123.75 to $5,216.45 a troy ounce. Crude oil for March delivery climbed 3.10% or 1.96 to $65.17 a barrel, and the April Brent oil contract rose 2.81% or 1.89 to $69.26 a barrel.
On the currency front, USD/TRY was up 0.11% at 43.43, while EUR/TRY eased 0.18% to 51.83. The US Dollar Index Futures increased 0.23% to 96.50.
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Summary
Turkish equities advanced on Thursday with the BIST 100 closing at a fresh all-time high, driven by gains in leasing, banking and retail-related names. Several individual stocks hit 52-week and all-time highs while commodities and FX showed mixed moves.