Turkey's stock market closed with gains on Monday as sector strength in Basic Metals, Textile & Leather and Electricity pushed the benchmark higher.
At the close in Istanbul, the BIST 100 gained 1.36%.
Several names led the upward move. Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D (IS:KRDMD) topped the session, rising 7.02% - an increase of 2.24 points - to finish at 34.14. Baticim Bati Anadolu Cimento Sanayi AS (IS:BTCIM) added 6.77%, or 0.41 points, closing at 6.47. Kuyas Yatirim AS (IS:KUYAS) also outperformed, climbing 6.56% - a gain of 5.00 points - to end the day at 81.20.
Not all stocks participated in the rally. Kiler Holding AS (IS:KLRHO) registered the steepest decline on the BIST 100, falling 7.47% or 8.80 points to close at 109.00. Tekfen Holding AS (IS:TKFEN) declined 2.63%, losing 2.65 points to finish at 98.25. Efor Yatırım Sanayi ve Ticaret A.Ş. (IS:EFOR) slipped 2.45% or 0.18 points to close at 7.16.
Advancers outnumbered decliners on the Istanbul Stock Exchange by 444 to 161, while 13 issues ended unchanged.
Two stocks reached new record highs during the session. Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D (IS:KRDMD) rose to an all-time high, increasing 7.02% or 2.24 to 34.14. Kuyas Yatirim AS (IS:KUYAS) also hit an all-time high, gaining 6.56% or 5.00 to 81.20. By contrast, Efor Yatırım Sanayi ve Ticaret A.Ş. (IS:EFOR) moved to a 52-week low, falling 2.45% or 0.18 to 7.16.
Commodities showed modest moves that accompanied the equity session. Gold Futures for June delivery rose 0.28%, an increase of 13.31, to $4,693.01 a troy ounce. In the oil complex, crude oil for May delivery gained 0.53% or 0.59 to $112.13 a barrel, while the June Brent contract rose 0.47% or 0.51 to trade at $109.54 a barrel.
In currency markets, USD/TRY was effectively unchanged, moving 0.01% to 44.59. EUR/TRY was higher by 0.29%, trading at 51.50. The US Dollar Index Futures was down 0.04% at 99.82.
Taken together, the session presented a market where breadth favored buyers and individual stock moves were significant enough to produce record highs for some issuers and deeper lows for others. The Basic Metals, Textile & Leather and Electricity sectors were notable contributors to the day's advance.