Turkey's main equity gauge ended the trading day under pressure, with the BIST 100 closing down 1.23% in Istanbul. Market declines were led by the Leasing & Factoring, Real Estate Investments and Chemical, Petroleum & Plastic sectors, which weighed on the benchmark at the bell.
Among individual performers, the session's top advancers included Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS (IS:SARKY), which climbed 9.96% - a gain of 2.82 points - to finish at 31.12. Cvk Maden Isletmeleri Sanayi ve Ticaret AS (IS:CVKMD) rose 5.28%, up 2.04 points to 40.70, and BIM Birlesik Magazalar AS (IS:BIMAS) gained 4.10%, or 32.00 points, to close at 813.00.
The weakest performers on the day included Pasifik Eurasia Lojistik Dis Ticaret AS (IS:PASEU), which declined 10.00% - 12.10 points - to end at 108.90. Ral Yatirim Holding AS (IS:RALYH) also fell 10.00%, down 36.00 points to 324.00, while Destek Finans Faktoring As (IS:DSTKF) dropped 9.99%, or 242.00 points, to finish at 2,181.00.
Market breadth favored decliners: 453 stocks fell against 157 that advanced, and 11 issues ended flat on the Istanbul Stock Exchange.
Notably, shares of BIM Birlesik Magazalar AS (IS:BIMAS) reached a fresh record intraday level, closing at an all-time high of 813.00 after rising 4.10% during the session.
Commodities and currency movements during the session were mixed. Gold Futures for June delivery increased 0.16%, rising by 7.42 to reach $4,694.12 per troy ounce. In oil markets, crude for June delivery rose 0.57% or 0.58 to $102.76 a barrel, while the July Brent contract slipped 0.48% or 0.52 to $107.25 a barrel.
On the currency front, the U.S. dollar traded slightly stronger versus the lira, with USD/TRY up 0.08% at 45.42. Euro demand versus the lira eased modestly as EUR/TRY fell 0.17% to 53.23. The US Dollar Index Futures was up 0.23% at 98.41.
Market context
The session featured sharp movers on both ends of the board: several large percentage gains in industrial and mining names contrasted with steep declines among select logistics and factoring companies. Overall, the balance of losers outnumbered winners significantly, contributing to the BIST 100's negative close.