Turkey's equity market ended Tuesday's trading session with a solid advance, as sector gains concentrated in Technology, Tourism and Basic Metals pushed the BIST 100 higher by 3.22% at the close in Istanbul.
At the top of the leaderboard, Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS (IS:KORDS) recorded the largest percentage gain, finishing up 9.65% or 0.25 points to close at 2.84. Tab Gida Sanayi ve Ticaret AS (IS:TABGD) and Tekfen Holding AS (IS:TKFEN) also delivered notable jumps, rising 7.44% (14.20 points) to end at 205.00 and 7.37% (13.40 points) to finish at 195.20, respectively.
Not all names participated in the rally. Ege Endustri ve Ticaret AS (IS:EGEEN) was among the session's weakest performers, slipping 2.22% or 95.00 points to close at 4,182.50. Zorlu Enerji Elektrik Uretim AS (IS:ZOREN) fell 1.31% or 0.02 points to 1.51, and Anadolu Hayat Emeklilik AS (IS:ANHYT) declined 0.85% or 0.85 points to finish at 98.85.
Market breadth was decisively positive at the Istanbul Stock Exchange. Rising issues outnumbered decliners by 465 to 160, while 19 stocks ended the day unchanged.
The session also included notable low points for a pair of companies: shares of Ege Endustri ve Ticaret AS (IS:EGEEN) fell to three-year lows, closing at 4,182.50 after a 2.22% drop, and Zorlu Enerji Elektrik Uretim AS (IS:ZOREN) likewise reached three-year lows following a 1.31% decline to 1.51.
Commodity benchmarks moved lower at the close. Gold futures for December delivery eased 0.15% or 6.13 to $4,153.97 a troy ounce. In energy markets, crude oil for December delivery fell 1.04% or $1.02 to $97.52 a barrel, while the December Brent contract dropped 1.10% or $1.20 to $108.35 a barrel.
Currency markets showed modest lira strength against major currencies. USD/TRY was up 0.11% at 49.58, and EUR/TRY rose 0.28% to 55.74. The U.S. Dollar Index Futures moved lower, down 0.26% at 101.53.
Summary of session stats and movers:
- BIST 100 - closed +3.22%
- Top gainers - KORDS +9.65%, TABGD +7.44%, TKFEN +7.37%
- Top decliners - EGEEN -2.22%, ZOREN -1.31%, ANHYT -0.85%
- Breadth - 465 advancers, 160 decliners, 19 unchanged
- Commodities - Gold futures -0.15% to $4,153.97; WTI -1.04% to $97.52; Brent -1.10% to $108.35
- FX - USD/TRY +0.11% to 49.58; EUR/TRY +0.28% to 55.74; US Dollar Index Futures -0.26% at 101.53
The close painted a clear picture of broad participation in the local equity rally alongside declines in key commodity prices and modest currency moves. Investors monitoring individual names faced a mixed set of outcomes, with several stocks highlighting both strong upside and downside risk within the same session.