Turkey's equity market closed lower on Friday, with the BIST 100 sliding 1.89% as selling pressure in Telecoms, Insurance and Banking names contributed to the decline.
At the close in Istanbul, the index recorded a clear loss for the session, with declining issues outnumbering advancing issues by a wide margin - 452 stocks fell while 148 advanced and 19 finished unchanged.
Among individual performers, Batisoke Soke Cimento Sanayi TAS (BSOKE) was the session's top gainer on the BIST 100, finishing up 3.56% to 38.38. Fenerbahce Futbol AS (FENER) rose 2.59% to close at 3.57, and Turkiye Petrol Rafinerileri AS (TUPRS) ended higher by 1.97% at 258.50.
Conversely, several names posted steep losses. Kontrolmatik Teknoloji Enerji ve Mu (KONTR) led decliners on the index with a 10.00% drop to 8.46. Girisim Elektrik Taahhut Ticaret & Sanayi AS (GESAN) also fell 10.00%, settling at 58.05, while Efor Yatirim Sanayi ve Ticaret A.Ş. (EFOR) declined 9.97% to end the session at 11.20.
Commodity markets showed mixed moves during the trading session. Gold futures for June delivery fell sharply, down 2.92% or 136.75 to trade at 4,548.55 a troy ounce. Energy commodities moved higher - crude oil for June delivery gained 3.39% to 104.60 a barrel, and the July Brent contract rose 2.99% to 108.88 a barrel.
Foreign exchange markets reflected modest lira weakness versus the US dollar, with USD/TRY up 0.26% at 45.54. EUR/TRY edged lower by 0.22% to 53.04. The US Dollar Index Futures finished the session up 0.47% at 99.19.
Overall, the session was characterized by broad-based selling across several domestic sectors, while a subset of names, including cement, sports and refining companies, recorded gains. Market participants will note the divergence between equity weakness and the rise in crude prices, as well as the pronounced move lower in gold futures.
Market snapshot
- BIST 100 -1.89%
- Advancers: 148 | Decliners: 452 | Unchanged: 19
- Top gainers: BSOKE +3.56%, FENER +2.59%, TUPRS +1.97%
- Top losers: KONTR -10.00%, GESAN -10.00%, EFOR -9.97%
- Gold (Jun) -2.92% to 4,548.55/oz
- Crude oil (Jun) +3.39% to $104.60/bbl; Brent (Jul) +2.99% to $108.88/bbl
- FX: USD/TRY +0.26% at 45.54; EUR/TRY -0.22% at 53.04
- US Dollar Index Futures +0.47% at 99.19
This close-of-day report reflects trading activity and quoted prices at the Istanbul market close and in related futures and FX instruments. No additional commentary on causes beyond the session's observed moves is included here.