BIST 100 Rises 0.99% as Chemical and Industrial Stocks Lead Gains

Turkish equities advanced at the close of trading on Monday, with the benchmark BIST 100 index adding 0.99%. The gains were supported by a positive performance in several key industrial sectors, according to market data from the session.

Market Performance

The Istanbul Stock Exchange saw broad-based gains, as rising stocks significantly outnumbered declining ones by a measure of 421 to 199, while 25 stocks ended the session unchanged. The positive market breadth indicates widespread buying interest among investors.

The rally was led by strong performance in the Wood, Paper & Printing, Leasing & Factoring, and Chemical, Petroleum & Plastic sectors. These industries provided the primary momentum for the benchmark index's climb.

Top Movers

Several companies posted significant gains, leading the BIST 100 index higher. The top performers of the day included:

Ad

• Mia Teknoloji AS (MIATK), which rose 9.97% to close at 33.76.
• Petkim Petrokimya Holding AS (PETKM), which also added 9.97% to end at 22.06.
• SASA Polyester Sanayi AS (SASA), which was up 9.61% to finish at 2.51.

Conversely, the session's biggest decliners included Katilimevim Tasarruf Finansman AS (KTLEV) and Odine Solutions Teknoloji Ticaret ve Sanayi AS (ODINE), both of which fell by approximately 9.98%.

Currency and Commodity Context

In the currency markets, the Turkish Lira was relatively stable against major currencies. The USD/TRY pair edged up 0.01% to 48.43, while the EUR/TRY pair rose 0.13% to 56.37. The US Dollar Index Futures, which measures the greenback against a basket of currencies, was down 0.31%.

In commodities, oil prices saw gains, with Crude oil for October delivery rising 1.67% to $93.01 a barrel. Meanwhile, Gold Futures for December delivery traded lower, down 0.39% to $4,459.06 a troy ounce.