Stock Markets March 31, 2026

Turkish Equities Advance; BIST 100 Closes Up 1.30%

Sector gains in chemicals, petroleum & plastic, food & beverages and basic metals drive Istanbul stocks higher

By Ajmal Hussain
Turkish Equities Advance; BIST 100 Closes Up 1.30%

Turkey's main equity gauge, the BIST 100, rose 1.30% at Tuesday's close as strength in several commodity-linked sectors lifted the market. Market breadth was positive, with more than twice as many advancers as decliners. Selected mid- and large-cap names posted double-digit percentage moves in both directions. Commodities and FX moves accompanied the equity gains.

Key Points

  • BIST 100 closed up 1.30%, led by gains in Chemical, Petroleum & Plastic, Food & Beverages and Basic Metals sectors.
  • Top gainers: REEDR (+9.99% to 7.71), KLRHO (+9.94% to 129.40), CCOLA (+7.31% to 70.45); top losers: RALYH (-10.00% to 201.60), BTCIM (-5.10% to 5.95), IZENR (-3.98% to 9.41).
  • Commodities and FX: Gold June +1.94% to $4,645.76/oz; Crude May +1.46% to $104.38/bbl; Brent June -0.10% to $107.28/bbl; USD/TRY 44.48; EUR/TRY 51.29.

Turkey's benchmark index ended higher on Tuesday, propelled by sector-level strength in Chemical, Petroleum & Plastic, Food & Beverages and Basic Metals companies.

At the close in Istanbul, the BIST 100 was up 1.30%.


Top movers

The session's strongest performers included Reeder Teknoloji Sanayi Ve Ticaret AS (IS:REEDR), which surged 9.99% - a rise of 0.70 points to finish at 7.71. Kiler Holding AS (IS:KLRHO) climbed 9.94%, gaining 11.70 points to close at 129.40. Coca-Cola Icecek AS (IS:CCOLA) also posted notable gains, advancing 7.31% or 4.80 points to reach 70.45 by the close.

Largest decliners

On the downside, Ral Yatirim Holding AS (IS:RALYH) fell 10.00%, a decline of 22.40 points to close at 201.60. Baticim Bati Anadolu Cimento Sanayi AS (IS:BTCIM) dropped 5.10%, down 0.32 points to 5.95, while Izdemir Enerji Elektrik Uretim AS (IS:IZENR) slid 3.98%, a 0.39 point decline to 9.41.

Market breadth and sentiment

On the Istanbul Stock Exchange, advancing issues outnumbered decliners by 411 to 186, and 26 issues finished unchanged, reflecting broad participation in the rally.


Commodities and FX

Precious metals and energy contracts moved in mixed directions. Gold Futures for June delivery rose 1.94% or 88.26 to $4,645.76 a troy ounce. In crude oil markets, the front-month May contract increased 1.46% or $1.50 to $104.38 a barrel, while the June Brent contract edged lower by 0.10% or $0.11 to $107.28 a barrel.

Currency pairs involving the Turkish lira showed modest moves. USD/TRY ticked up 0.11% to 44.48, and EUR/TRY increased 0.59% to 51.29. The US Dollar Index Futures was weaker, down 0.37% at 99.98.


Takeaway

The trading day closed with the BIST 100 higher and a clear tilt toward winners across the exchange. Gains were concentrated in commodity-linked sectors that helped lift several individual stocks sharply higher, while a handful of firms posted steep declines. Commodities and currency moves accompanied the equity performance, offering a mixed backdrop for market participants.

Risks

  • Individual stocks showed sharp intraday moves in both directions, indicating heightened idiosyncratic risk for investors in specific names, particularly in sectors like basic metals and construction materials.
  • Commodity price volatility (gold and oil) may influence sector performance and earnings for commodity-linked companies mentioned in the session.
  • Currency fluctuations in TRY versus USD and EUR introduce exchange-rate risk for firms with foreign currency exposure and for foreign investors holding Turkish assets.

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