Stock Markets April 6, 2026

Istanbul stocks close higher as basic metals, textile and electricity sectors lead gains

BIST 100 ends session up 1.36% with select heavyweights hitting record highs while some names slide to multi-week lows

By Ajmal Hussain
Istanbul stocks close higher as basic metals, textile and electricity sectors lead gains

Turkey's main equity gauge, the BIST 100, finished the session higher after gains in Basic Metals, Textile & Leather and Electricity sectors propelled the market. Market breadth favored advancers over decliners, with several individual stocks reaching all-time highs and others retreating to 52-week lows. Commodities and FX markets moved modestly alongside equities at the close.

Key Points

  • BIST 100 closed up 1.36% as gains were concentrated in Basic Metals, Textile & Leather and Electricity sectors.
  • Top winners included KRDMD (+7.02% to 34.14), BTCIM (+6.77% to 6.47) and KUYAS (+6.56% to 81.20); notable decliners included KLRHO (-7.47% to 109.00), TKFEN (-2.63% to 98.25) and EFOR (-2.45% to 7.16).
  • Market breadth favored advancers with 444 stocks rising versus 161 decliners; commodities and FX posted modest moves with gold, crude and major lira pairs shifting slightly.

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.

Risks

  • Concentration of gains in a few sectors - Basic Metals, Textile & Leather and Electricity - could signal uneven market participation, which may increase sector-specific volatility.
  • Individual large moves in single names, including a 7.47% decline in Kiler Holding AS (IS:KLRHO) and a 2.45% drop to a 52-week low for Efor Yatırım (IS:EFOR), highlight stock-level downside risk.
  • Shifts in commodities and currency pairs shown in the session - including movements in gold, crude oil and USD/TRY and EUR/TRY - could add cross-market volatility to Turkish equities.

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