Stock Markets July 24, 2026 11:30 AM

BIST 100 Slides to One-Month Low as Key Sectors Weigh on Istanbul Close

Leasing, paper and chemical sectors lead declines while select stocks post strong gains; commodity and FX moves add to market backdrop

By Jordan Park
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Turkey's BIST 100 finished Friday lower, losing 0.95% and reaching a fresh one-month low as declines concentrated in Leasing & Factoring, Wood, Paper & Printing and Chemical, Petroleum & Plastic sectors. Market breadth favored sellers, though several stocks posted notable gains and Odine Solutions hit an all-time high. Commodity markets showed mixed moves with gold up and crude oil down, while USD/TRY and EUR/TRY edged higher.

BIST 100 Slides to One-Month Low as Key Sectors Weigh on Istanbul Close
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Key Points

  • BIST 100 closed down 0.95%, marking a new one-month low as Leasing & Factoring, Wood, Paper & Printing and Chemical, Petroleum & Plastic sectors led losses.
  • Top performers included GRSEL (+9.67%), ODINE (+5.56%) which reached an all-time high, and TKFEN (+2.81%); major decliners included SKBNK (-9.95%), KTLEV (-8.28%) and ODAS (-6.78%).
  • Commodities and FX moved alongside equities: gold rose, crude oil (WTI and Brent) fell sharply, USD/TRY and EUR/TRY inched higher, and the US Dollar Index Futures slipped 0.10%.

Turkey's equity benchmark closed the week lower on Friday, with the BIST 100 falling 0.95% to register a new one-month low at the Istanbul session's end. Declines were led by the Leasing & Factoring, Wood, Paper & Printing and Chemical, Petroleum & Plastic sectors.

Among individual movers, GurSel Turizm Tasimacilik Ve Servis Ticaret AS (IS:GRSEL) was the top gainer on the BIST 100, advancing 9.67% or 30.75 points to finish at 348.75. Odine Solutions Teknoloji Ticaret ve Sanayi AS (IS:ODINE) climbed 5.56% or 130.00 points to close at 2,470.00, while Tekfen Holding AS (IS:TKFEN) added 2.81% or 4.10 points to end the session at 150.00.

On the downside, Sekerbank TAS (IS:SKBNK) posted the steepest decline, sliding 9.95% or 1.30 points to close at 11.76. Katilimevim Tasarruf Finansman AS (IS:KTLEV) dropped 8.28% or 14.00 points to finish at 155.00, and ODAS Elektrik Uretim Sanayi Ticaret AS (IS:ODAS) fell 6.78% or 0.62 points to trade at 8.52 at the close.

Market breadth favored decliners: 425 stocks fell while 192 advanced and 15 finished unchanged on the Istanbul Stock Exchange.

Notably, shares of Odine Solutions Teknoloji Ticaret ve Sanayi AS (IS:ODINE) reached an all-time high during the session, closing up 5.56% at 2,470.00.


Commodities showed mixed performance. Gold futures for August delivery rose 0.70% or 28.15 to $4,078.35 a troy ounce. By contrast, crude oil prices retreated: the September WTI contract fell 4.44% or 4.09 to $88.10 a barrel, while the September Brent contract declined 5.09% or 5.13 to $95.56 a barrel.

Foreign exchange moves included a 0.19% increase in USD/TRY to 47.35 and a 0.07% rise in EUR/TRY to 53.94. The US Dollar Index Futures was down 0.10% at 101.18.

The session reflected uneven interest across sectors, with several names advancing sharply even as overall indices weakened. Traders and investors operating in banking, energy-related utilities and industrial materials sectors will likely note the divergent intra-market performance as they assess exposures going into the next trading days.

Risks

  • Market breadth was tilted toward declining shares (425 decliners vs 192 advancers), indicating near-term downside pressure for equity sectors that underperformed, including Leasing & Factoring, Wood, Paper & Printing and Chemical, Petroleum & Plastic.
  • Sharp drops in crude oil prices (WTI down to $88.10, Brent to $95.56) present near-term uncertainty for energy-related and petroleum-linked firms in the market.
  • Movements in exchange rates, with USD/TRY up to 47.35 and EUR/TRY at 53.94, could affect companies sensitive to currency fluctuations, particularly importers and those with foreign-currency liabilities.

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