BIST 100 Slips 0.35% as Leasing and Retail Stocks Weigh on Index

Turkish stocks ended Monday's session in negative territory, with the benchmark BIST 100 index declining amid broad-based selling pressure. The index was dragged lower by notable losses across the leasing, food, and retail sectors, according to market data from Istanbul.

Session in Review

At the close of trading, the BIST 100 index fell 0.35%. The session's market breadth reflected the negative sentiment, with data from the Istanbul Stock Exchange showing that 394 stocks declined compared to 226 that advanced, while 16 ended the day unchanged.

The downturn was led by poor performance in several key industries, including Leasing & Factoring, Food & Beverages, and Wholesale & Retail Trade, which contributed to the overall index decline.

Notable Stock Movements

Despite the broader market dip, several companies posted strong gains. In contrast, a number of stocks experienced significant sell-offs.

Top Performers

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• Cw Enerji Muhendislik Ticaret ve Sanayi AS (CWENE): Rallied 10.00%.
• Pasifik Eurasia Lojistik Dis Ticaret AS (PASEU): Gained 9.03%.
• Odine Solutions Teknoloji Ticaret ve Sanayi AS (ODINE): Climbed 6.80%, reaching a new all-time high.

Worst Performers

• Katilimevim Tasarruf Finansman AS (KTLEV): Dropped 10.00%.
• Efor Yatırım Sanayi ve Ticaret A.Ş. (EFOR): Declined 9.98%.
• Sekerbank TAS (SKBNK): Fell 9.90%.

Currency and Commodity Markets

In foreign exchange markets, the Turkish lira was mixed. The USD/TRY pair edged up 0.05% to 47.53, while the EUR/TRY pair decreased by 0.09% to 54.72.

Global commodity markets were also under pressure. Brent oil for October delivery fell 4.25% to $84.19 a barrel, while WTI crude for September delivery dropped 5.63% to $79.90. Gold futures for December delivery also traded 0.46% lower.