Turkey's stock market finished the session higher on Wednesday, with broad-based buying centered in the Banking, Transport and Telecoms sectors pushing the benchmark up to a fresh one-month high.
At the close in Istanbul, the BIST 100 climbed 4.76%.
The session's strongest performers on the BIST 100 included Gulermak Agir Sanayi Insaat ve Taahhut AS (IS:GLRMK), which rose 10.00% - an increase of 20.10 points - to finish at 221.20. Ral Yatirim Holding AS (IS:RALYH) also advanced 10.00%, adding 21.10 points to close at 232.10. TAV Havalimanlari Holding (IS:TAVHL) was up 9.99%, gaining 31.25 points to end the day at 344.00.
On the downside, Dap Gayrimenkul Gelistirme AS (IS:DAPGM) led losses, falling 10.00% - a decline of 1.37 points - to close at 12.33. Petkim Petrokimya Holding AS (IS:PETKM) dropped 5.11%, down 1.12 points to 20.80, while Turkiye Petrol Rafinerileri AS (IS:TUPRS) declined 3.46%, losing 9.00 points to settle at 251.00.
Market breadth was strongly positive: advancing issues outnumbered decliners by 556 to 58, with 5 stocks finishing unchanged.
Two names among the day's leaders reached record territory. Shares of Gulermak Agir Sanayi Insaat ve Taahhut AS rose to all-time highs, closing up 10.00% at 221.20. Ral Yatirim Holding AS likewise rose to all-time highs, finishing up 10.00% at 232.10.
Commodities saw material moves alongside the equity rally. Gold Futures for June delivery were up 2.01%, gaining 94.06 to trade at $4,778.76 per troy ounce. In energy markets, Crude oil for May delivery fell 14.85%, a drop of 16.77, to $96.18 a barrel, while the June Brent contract declined 12.45%, or 13.60, to $95.67 a barrel.
Currency markets recorded modest directional moves versus the lira. The USD/TRY rate was down 0.18% at 44.50, while EUR/TRY traded higher by 0.56% at 52.05. Broad dollar sentiment also eased, with US Dollar Index Futures down 1.09% at 98.60.
Market context and sectors in focus
The day's session was characterized by strong sector leadership from Banking, Transport and Telecoms, which contributed to the BIST 100's advance to a one-month high. Simultaneous large moves in commodity prices and currency pairs highlight the cross-market volatility that coincided with equity gains.
Data presented here reflect closing prices and percentage changes recorded at the Istanbul close and across the referenced commodity and futures contracts.