Turkish Stocks Hit Record High, BIST 100 Up 0.45%

BIST 100 Reaches New All-Time High

The Istanbul Stock Exchange concluded Tuesday's session on a positive note, with the BIST 100 index adding 0.45% to close at a new all-time high. The gains were primarily fueled by strong performance in key industrial sectors.

Sector Performance and Key Movers

Leading the market higher were the Technology, Leasing & Factoring, and Chemical, Petroleum & Plastic sectors. Among individual stocks, Batisoke Soke Cimento Sanayi (BSOKE) was a top performer, surging 9.95% to reach a 52-week high. Kiler Holding (KLRHO) and Katilimevim Tasarruf Finansman (KTLEV) also posted significant gains of 8.49% and 7.42% respectively.

Conversely, Europower Enerji (EUPWR) was among the session's worst performers, falling 5.79%. Overall market breadth was negative, as falling stocks outnumbered advancing ones 377 to 207.

Summary

Despite more stocks declining than advancing, strong performance in specific high-growth sectors propelled the main index to a record close, indicating targeted investor confidence. Market participants will monitor if this momentum can be sustained in the coming sessions.

FAQ

Q: What was the closing performance of Turkey's BIST 100 index?
A: The BIST 100 index closed 0.45% higher, setting a new all-time record.

Q: Which sectors were the main drivers of the rally?
A: The technology, leasing & factoring, and chemical, petroleum & plastic sectors led the gains.

Source: Investing.com