Turkish Stocks Fall to Six-Month Low as BIST 100 Index Drops 2.38%

Turkish stocks recorded a significant decline at Monday's close, with the benchmark BIST 100 index falling 2.38% to establish a new six-month low. The session was characterized by a widespread sell-off across the Istanbul Stock Exchange.

Widespread Declines Across Sectors

The downturn was led by notable losses in the Leasing & Factoring, Metal Products & Machinery, and Sports sectors, according to market data. The negative sentiment was pervasive, underscoring broad investor concern during the trading day.

Market breadth was overwhelmingly negative, with 580 stocks declining compared to just 62 advancing issues, while 4 ended the session unchanged. This lopsided ratio points to a lack of conviction among buyers.

Notable Stock Movements

Among the index's worst performers, several companies saw steep losses:

Ad

• Ral Yatirim Holding AS (RALYH): fell 10.00% to a 52-week low.
• Europower Enerji (EUPWR): declined 10.00%.
• Balsu Gida Sanayi (BALSU): was down 10.00%.

A few stocks managed to buck the negative trend. Grainturk Holding AS (GRTHO) was the session's top gainer, rising 5.94%, followed by Migros Ticaret AS (MGROS) with a 1.62% increase and Arcelik AS (ARCLK) which added 1.17%.

Broader Market Context

In currency markets, the Turkish Lira was relatively stable against the U.S. dollar, with the USD/TRY pair edging up 0.13% to 48.98. Elsewhere in commodities, crude oil prices rose, while gold futures for December delivery fell sharply by 3.79%.