Turkey's equity market closed higher on Friday, paced by gains in the Information Technology, Technology and Banking sectors. The BIST 100 finished the day up 1.24% at the Istanbul close.
Top gainers
The session's strongest performer on the BIST 100 was Odine Solutions Teknoloji Ticaret ve Sanayi AS (IS:ODINE), which jumped 7.94% - a rise of 184.00 points - to finish at 2,500.00. Yapi ve Kredi Bankasi AS (IS:YKBNK) added 5.68%, gaining 1.76 points to close at 32.76. Aksa Akrilik Kimya Sanayi AS (IS:AKSA) also saw notable upside, rising 5.52% or 0.68 points to end the session at 13.00.
Notable milestone
Shares of Aksa Akrilik Kimya Sanayi AS (IS:AKSA) reached a 52-week high during the session, closing up 5.52% at 13.00.
Largest decliners
On the downside, Sekerbank TAS (IS:SKBNK) posted the steepest decline among BIST 100 members, slipping 9.95% or 0.77 points to close at 6.97. ODAS Elektrik Uretim Sanayi Ticaret AS (IS:ODAS) fell 9.78%, a drop of 0.85 points to finish at 7.84. Destek Finans Faktoring As (IS:DSTKF) declined 5.28%, down 95.00 points to 1,703.00 at the close.
Market breadth
Rising issues outnumbered decliners on the Istanbul Stock Exchange by 408 to 205, while 21 stocks ended the day unchanged.
Commodities and currencies
In commodities trading, Gold Futures for August delivery moved lower, falling 1.32% or $54.10 to $4,046.00 a troy ounce. Crude oil showed upward momentum: the September contract rose 2.34% or $1.96 to $85.55 a barrel, and the October Brent contract increased 1.68% or $1.46 to $88.34 a barrel.
On currency markets, USD/TRY was up 0.19% at 47.52, while EUR/TRY retreated 0.22% to 54.71. The US Dollar Index Futures was trading higher as well, up 0.28% at 100.00.
Conclusion
The session closed with a broad advance in the BIST 100, led by technology-related names and banks, amid mixed signals from commodities and a slightly firmer dollar. Market participants saw several sizable individual stock moves in both directions, reflecting idiosyncratic drivers across issuers.