Stock Markets February 4, 2026

BIST 100 Inches Higher to Record Close as Holdings and Tech Names Outperform

Turkish benchmark posts modest gain with select holdings, leasing and technology stocks leading advances; mixed moves across commodities and FX

By Derek Hwang
BIST 100 Inches Higher to Record Close as Holdings and Tech Names Outperform

Turkey's BIST 100 closed modestly higher, rising 0.11% to reach a new all-time high. Gains were concentrated in the Holdings & Investments, Leasing & Factoring and Technology sectors, while several individual stocks posted notable moves both up and down. Commodity and currency markets showed moderate movement, with gold and oil prices rising and the lira mixed against major currencies.

Key Points

  • BIST 100 closed up 0.11%, reaching a new all-time high.
  • Largest gains were concentrated in holdings, leasing & factoring, and technology-related stocks, with Tekfen, Kiler Holding and Kontrolmatik among the top performers.
  • Market breadth was mixed - 298 decliners versus 279 advancers - and commodity and currency markets showed modest moves (gold and oil up; USD/TRY slightly higher).

Turkey's main equity gauge ended the trading session modestly stronger on Wednesday, with the BIST 100 advancing 0.11% to close at a fresh record high. Strength in several holdings, leasing and technology-related stocks underpinned the gain.

The day's top performer on the BIST 100 was Tekfen Holding AS (IS:TKFEN), which climbed 9.98% - an increase of 7.90 points - to finish at 87.05. Kiler Holding AS (IS:KLRHO) also posted a substantial rise, gaining 8.84% or 53.50 points to close at 658.50, while Kontrolmatik Teknoloji Enerji ve Mu (IS:KONTR) rose 7.18% - up 0.69 points - to 10.30 at the bell.

On the other end of the spectrum, Can2 Termik AS (IS:CANTE) led decliners after falling 4.08% or 0.08 points to end the session at 1.88. Batisoke Soke Cimento Sanayi TAS (IS:BSOKE) dropped 3.90% - a decline of 1.12 points - to finish at 27.62, while Turkiye Sinai Kalkinma Bankasi AS (IS:TSKB) was down 3.77% or 0.53 points to close at 13.53.

Market breadth was mixed. Falling issues outnumbered advancers on the Istanbul Stock Exchange, with 298 stocks declining and 279 advancing; 31 names finished unchanged.

Kiler Holding recorded a move to a new all-time high during the session, with its shares closing at 658.50 following the reported 8.84% increase.

In commodity markets, April gold futures rose 0.94% - up 46.56 - to trade at 4,981.56 a troy ounce. Crude oil for March delivery increased 0.54% or 0.34 to reach 63.55 a barrel, while the April Brent contract gained 0.61% or 0.41 to trade at 67.74 a barrel.

Currency moves were modest. The USD/TRY rate rose 0.11% to 43.51, while EUR/TRY eased 0.01% to 51.42. The US Dollar Index Futures was reported up 0.13% at 97.43.


This session left the benchmark at a fresh record close, supported by selective sector strength even as breadth showed more decliners than winners. Commodity and FX moves were moderate and varied across instruments.

Risks

  • Narrow leadership - gains were driven by a limited set of holdings and technology names, while a greater number of stocks declined, which could signal uneven market participation across sectors - this affects equity market breadth.
  • Notable single-stock weakness - several individual names fell more than 3%, illustrating stock-specific downside risk in sectors such as cement and banking.
  • Currency sensitivity - small but measurable moves in USD/TRY and EUR/TRY could weigh on exporters or importers and influence sectors sensitive to the lira and dollar movements.

More from Stock Markets

U.N. Sounds the Alarm on Liquidity as Unpaid Dues and Budget Rule Threaten Operations Feb 4, 2026 Tel Aviv benchmark edges to record close as banking and financials lead gains Feb 4, 2026 Oslo equities finish higher as OBX posts fresh record; healthcare, pharma and utilities lead gains Feb 4, 2026 AI Plugin Launch Sparks Fresh Selloff in U.S. Software Stocks Feb 4, 2026 Bernstein Names Top Hotel, Cruise and OTA Stocks; Marriott, Royal Caribbean and Airbnb Lead Picks Feb 4, 2026