Stock Markets March 9, 2026

Istanbul stocks retreat as BIST 100 slips to one-month low

Broad sell-off led by Sports, Technology and Chemical, Petroleum & Plastic sectors; mixed moves in commodities and FX

By Nina Shah
Istanbul stocks retreat as BIST 100 slips to one-month low

Turkey's main equity gauge closed lower on Monday, with the BIST 100 falling 0.71% to a fresh one-month low. Losses were concentrated in the Sports, Technology and Chemical, Petroleum & Plastic sectors, while a small set of lenders and logistics names posted strong gains. Commodity and currency markets showed divergent moves, with oil jumping and gold retreating.

Key Points

  • BIST 100 fell 0.71% to a new one-month low, with losses driven by Sports, Technology and Chemical, Petroleum & Plastic sectors.
  • Top gainers included Turkiye Halk Bankasi (HALKB) +10.00%, Katilimevim (KTLEV) +9.95% to an all-time high, and Pasifik Eurasia Lojistik (PASEU) +8.35%.
  • Notable decliners were Kiler Holding (KLRHO) -9.77%, Efor Yatirim (EFOR) -9.21% and GurSel Turizm (GRSEL) -8.02%; overall decliners outnumbered advancers by 393 to 208.

Turkey's equity market ended Monday in negative territory, with the BIST 100 index down 0.71% at the close and hitting a new one-month low. Sector pressure came primarily from Sports, Technology and the Chemical, Petroleum & Plastic groups, which weighed on the broader market.

Market breadth and movers

Advancers were outnumbered by decliners on the Istanbul Stock Exchange as 393 stocks lost ground versus 208 that rose; 15 issues finished unchanged. Among individual names, Turkiye Halk Bankasi (IS:HALKB) was the session's top performer, surging 10.00% or 4.34 points to finish at 47.74. Katilimevim Tasarruf Finansman AS (IS:KTLEV) climbed 9.95% or 5.20 points to close at 57.45, marking a new all-time high for the stock. Pasifik Eurasia Lojistik Dis Ticaret AS (IS:PASEU) also outperformed, advancing 8.35% or 9.80 points to 127.20.

On the downside, Kiler Holding AS (IS:KLRHO) led losses, sliding 9.77% or 17.90 points to end at 165.40. Efor Yatirim Sanayi ve Ticaret A.Ş. (IS:EFOR) fell 9.21% or 1.74 points to 17.15, while GurSel Turizm Tasimacilik Ve Servis Ticaret AS (IS:GRSEL) declined 8.02% or 29.75 points to finish at 341.00.

Commodities and currencies

Energy and metal futures moved in opposite directions on the session. Gold futures for April delivery weakened 0.99% or 51.04 to $5,107.66 a troy ounce. Crude oil for April delivery rose 5.29% or 4.81 to $95.71 a barrel, and the May Brent contract increased 6.13% or 5.68 to trade at $98.37 a barrel.

Currency pairs involving the Turkish lira showed small changes: USD/TRY was up 0.03% at 44.08, while EUR/TRY fell 0.16% to 51.12. The US Dollar Index Futures was up 0.11% at 99.09.

Implications

The trading day featured concentrated sector weakness that translated into a modest but broad-based decline for the benchmark index. While a handful of names, including a state-linked lender and a savings finance company, registered double-digit percentage gains, declines were widespread across the exchange.


Session statistics

  • BIST 100 change: -0.71% (new one-month low)
  • Advancers: 208
  • Decliners: 393
  • Unchanged: 15

This report focuses on published market moves and closing prices for the session and does not extend beyond the reported figures.

Risks

  • Sector concentration of losses in Sports, Technology and Chemical, Petroleum & Plastic could amplify downside for related stocks if weakness persists - this impacts companies in those sectors.
  • High single-day moves in individual names signal elevated idiosyncratic volatility for small- and mid-cap issues on the BIST - this raises execution and liquidity risk for traders in those equities.
  • Divergent commodity moves, with oil sharply higher and gold lower, introduce uncertainty for energy-linked firms and for portfolio strategies sensitive to commodity price swings.

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