Stock Markets July 16, 2026 11:30 AM

Turkish equities close higher as basic materials and energy stocks lead gains

BIST 100 ends session up 1.22% with notable moves in energy, industrials and finance-linked names

By Jordan Park
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EFOR

Turkey's benchmark BIST 100 rose 1.22% at Thursday's close, driven by advances in Chemical, Petroleum & Plastic, Food & Beverages and Basic Metals sectors. Ral Yatirim Holding, Efor Yatırım and Aksa Enerji were among the top performers, while Destek Finans Faktoring, Astor Enerji and Fenerbahce Futbol ranked as the largest decliners. Commodity and currency markets showed modest movement alongside the equity gains.

Turkish equities close higher as basic materials and energy stocks lead gains
EFOR
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Key Points

  • BIST 100 closed up 1.22%, led by gains in Chemical, Petroleum & Plastic, Food & Beverages and Basic Metals sectors.
  • Top performers included RALYH (+9.96%), EFOR (+8.77%) and AKSEN (+7.43%), with AKSEN reaching an all-time high.
  • Worst performers included DSTKF (-9.96%), ASTOR (-3.85%) and FENER (-3.60%); advancing issues outnumbered decliners by 492 to 119.

Turkey's equities closed higher after the market session on Thursday, with sector strength in Chemical, Petroleum & Plastic, Food & Beverages and Basic Metals supporting the advance.

The BIST 100 index finished the day up 1.22% in Istanbul trade.


Top and bottom movers

On the upside, Ral Yatirim Holding AS (IS:RALYH) led the gainers, adding 9.96% - an increase of 21.60 points - to finish at 238.50. Efor Yatırım Sanayi ve Ticaret A.Ş. (IS:EFOR) climbed 8.77%, or 1.35 points, to close at 16.75. Aksa Enerji Uretim AS (IS:AKSEN) rose 7.43%, up 7.10 points to 102.70 in late trade.

Conversely, Destek Finans Faktoring As (IS:DSTKF) posted the steepest decline, falling 9.96% - a drop of 310.00 points - to end the session at 2,802.50. Astor Enerji AS (IS:ASTOR) slipped 3.85%, or 12.50 points, to 312.50, while Fenerbahce Futbol AS (IS:FENER) fell 3.60%, down 0.12 points to 3.21.

Overall market breadth favored advancers: 492 stocks rose versus 119 that fell, and 18 issues finished unchanged on the Istanbul exchange.

Notable records

Shares of Aksa Enerji Uretim AS (IS:AKSEN) moved to an all-time high during the session, rising 7.43% to close at 102.70.


Commodities and currencies

In commodities trading, Gold Futures for August delivery declined 0.97% - down $39.20 - settling at $4,012.60 a troy ounce. Crude oil for August delivery inched higher by 0.04%, or $0.03, to $79.63 a barrel, while the September Brent contract rose 0.01%, or $0.01, to trade at $84.96 a barrel.

On the currency front, USD/TRY was up 0.05% at 47.06 and EUR/TRY rose 0.02% to 53.95. The US Dollar Index Futures was trading 0.26% higher at 100.54.


Market context

The session's sector-level gains in chemicals, petroleum and related industrial groups coincided with strong performances among select energy and industrial constituents, while certain financial and sports-related names lagged. Trading breadth and the occurrence of an all-time high for a major energy producer reflect mixed but predominantly positive dynamics within the domestic market on the day.

Risks

  • Commodity price volatility - Gold and oil showed intraday moves that could affect resource and energy-linked sectors.
  • Currency fluctuations - Small changes in USD/TRY and EUR/TRY could influence exporters and import-dependent companies.
  • Individual equity volatility - Large percentage moves in single names (both gains and losses) indicate heightened stock-specific risk in sectors such as energy and finance.

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