Stock Markets May 8, 2026 11:30 AM

BIST 100 Closes at Record High as Basic Metals, Tourism and Tech Stocks Lead Gains

Istanbul market posts modest advance; select small-cap names post double-digit moves in both directions

By Maya Rios

Turkey's main stock index rose to a fresh record at Friday's close, supported by advances in Basic Metals, Tourism and Information Technology names. Market breadth was positive, while commodities and foreign-exchange moves provided mixed signals through the session's end in Istanbul. Several individual listings posted large percentage changes, contributing to an uneven intraday profile.

BIST 100 Closes at Record High as Basic Metals, Tourism and Tech Stocks Lead Gains

Key Points

  • BIST 100 rose 0.15% to close at a new all-time high, led by Basic Metals, Tourism and Information Technology sectors.
  • Top gainers were ALTNY (+9.99%), KLRHO (+9.97%) and HEKTS (+9.90%); largest decliners included DSTKF (-9.98%), SOKM (-6.93%) and PASEU (-5.58%).
  • Commodities and FX were mixed: Gold futures up to $4,723.66/oz, June crude $95.56/bbl, July Brent $101.62/bbl; USD/TRY 45.36 and EUR/TRY 53.45.

Turkey's equity market finished higher on Friday, with the benchmark BIST 100 index adding 0.15% to close at a new all-time high.

Sectors that propelled the advance included Basic Metals, Tourism and Information Technology, which together helped lift broader share prices in Istanbul. On a stock-by-stock basis, the session featured notable winners and losers across small- and mid-cap names.

The top performers on the BIST 100 were Altinay Savunma Teknolojileri AS (ALTNY), which climbed 9.99% to 19.48 at the close; Kiler Holding AS (KLRHO), which rose 9.97% to finish at 134.60; and Hektas Ticaret TAS (HEKTS), which gained 9.90% to end the day at 4.44.

At the other end of the tape, Destek Finans Faktoring As (DSTKF) recorded the steepest decline, falling 9.98% to 2,498.00 at the close. Sok Marketler (SOKM) dropped 6.93% to 51.70, and Pasifik Eurasia Lojistik Dis Ticaret AS (PASEU) declined 5.58% to 103.30.

Market breadth favored advancers: 325 stocks rose, 280 fell and 16 were unchanged on the Istanbul Stock Exchange.


Commodities and foreign-exchange moves during the session were mixed. Gold Futures for June delivery increased 0.27%, adding 12.76 to trade at $4,723.66 a troy ounce. Crude oil for June delivery rose 0.79% to $95.56 a barrel, while the July Brent contract was up 1.56% to $101.62 a barrel.

In currency markets, the USD/TRY rate moved up 0.16% to 45.36 and EUR/TRY rose 0.40% to 53.45. The US Dollar Index Futures closed lower by 0.15% at 97.80.

The closing symbols and session performance referenced in market data included DX down 0.17%, GC up 0.24%, LCO up 1.37%, CL up 0.68% and the XU100 up 0.15%.


Investors leaving the session faced a market characterized by a record-setting headline for the benchmark and substantial single-stock moves among constituents, as a small group of names delivered outsized gains while others posted sharp losses.

Given the mix of broad index strength and pronounced individual share volatility, participants may weigh index-level readings alongside stock-specific developments when assessing near-term positioning.

Risks

  • Large percentage moves in individual stocks could increase volatility for investors focused on small- and mid-cap segments, impacting sectors such as Basic Metals and Tourism.
  • Movements in oil and Brent prices may add uncertainty for energy-sensitive segments and market sentiment, with crude futures rising during the session.
  • Exchange-rate fluctuations, including a stronger USD/TRY and rising EUR/TRY, introduce currency risk for companies and investors exposed to lira-denominated assets.

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