Summary: Turkey's stock market ended the trading day higher after the close on Thursday, with sector strength concentrated in Chemical, Petroleum & Plastic, Insurance and Electricity names. The BIST 100 closed up 0.65% in Istanbul.
Market close and sector drivers
The BIST 100 gained 0.65% at the close on Thursday, as advances in several cyclical and utility-related sectors supported the index. The Chemical, Petroleum & Plastic, Insurance and Electricity sectors were cited as the primary contributors to the upward move.
Top performers
- Tureks Turizm Tasimacilik AS (IS:TUREX) rose 10.00% or 0.71 points to finish at 7.81.
- SASA Polyester Sanayi AS (IS:SASA) added 10.00% or 0.22 points to close at 2.42.
- Kiler Holding AS (IS:KLRHO) climbed 9.98% or 17.90 points to 197.20 in late trade.
Largest decliners
- Turkiye Halk Bankasi (IS:HALKB) slipped 5.24% or 2.44 points to end at 44.14.
- Turkiye Vakiflar Bankasi TAO (IS:VAKBN) dropped 4.84% or 1.72 points to 33.80.
- Ral Yatirim Holding AS (IS:RALYH) fell 3.56% or 5.10 points to 138.20.
Market breadth was positive on the Istanbul Stock Exchange, with 324 rising issues versus 269 decliners; 21 stocks finished unchanged.
Commodities and FX
In commodities trading, Gold Futures for April delivery moved lower, retreating 0.85% or 43.94 to $5,135.16 a troy ounce. Oil prices advanced sharply: crude for April delivery rose 10.67% or 9.31 to $96.56 a barrel, while the May Brent contract increased 9.90% or 9.11 to $101.09 a barrel.
On the foreign exchange front, USD/TRY was up 0.12% at 44.12, while EUR/TRY declined 0.13% to 50.97. The US Dollar Index Futures was higher, up 0.44% at 99.66.
Context and closing
The session's winners were concentrated among several sector-specific names, with the Chemical, Petroleum & Plastic, Insurance and Electricity groups cited as driving the index higher. At the same time, several banking stocks recorded the steepest losses among individual securities on the session.