Turkish Stocks Close Lower as Transport and Retail Sectors Weigh on BIST 100

Turkish equities closed in negative territory on Thursday, with the benchmark BIST 100 index declining by 0.43%. The slide was primarily driven by weakness across the telecommunications, wholesale & retail trade, and transport sectors, according to market data from the Istanbul Stock Exchange.

Sector-Specific Weakness

The negative sentiment was widespread across the Istanbul Stock Exchange, as falling stocks outnumbered advancing ones by a margin of 337 to 261, while 34 stocks finished the session unchanged. This indicates that selling pressure was not confined to a few large-cap names but affected a significant portion of the market.

Key sectors dragging the index lower included transport, which saw significant declines in major names like TAV Havalimanlari Holding.

Individual Stock Performance

Despite the overall market downturn, several companies posted significant gains. The top performers on the BIST 100 included:

• Pasifik Gayrimenkul Yatirim Ortakligi AS (IS:PSGYO), which surged 10.00%.
• Kuyas Yatirim AS (IS:KUYAS), adding 9.99%.
• Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IS:TRENJ), which rose 9.98%.

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On the other end of the spectrum, the day's biggest decliners were led by:

• Aksa Enerji Uretim AS (IS:AKSEN), which fell by 10.00%.
• Sekerbank TAS (IS:SKBNK), down 9.99%.
• TAV Havalimanlari Holding (IS:TAVHL), which lost 5.81%.

Currency and Commodity Markets

In foreign exchange markets, the Turkish lira saw modest movement against major currencies. The USD/TRY pair edged up 0.06% to 47.24, while the EUR/TRY pair increased by 0.03% to 53.94.

Meanwhile, commodity prices showed significant volatility. Brent crude, the international oil benchmark, jumped 7.16% to trade at $100.81 a barrel. In contrast, Gold futures for August delivery fell 2.50% to $4,048.20 per troy ounce, reflecting divergent trends in global markets.