BIST 100 Closes the Third Week in the Green: Which Stocks Stood Out Today?

The BIST 100 index continued to move with a positive momentum throughout the day today, following yesterday's trend.

The BIST 100 retreated to as low as 9,020 points while experiencing sell-offs until mid-week. After the Central Bank of Turkey's (TCMB) interest rate decision yesterday, the market shifted to buying mode, taking messages from the decision text that the interest rate cut process could begin in December, and the index quickly compensated for its weekly losses. In today’s trading, the index rose to 9,533 points, moving around the 9,510-point range with a 1.5% increase in value as it approached the closing.

The banking sector was the biggest contributor to the rise in the index today, achieving a 4% increase, similar to yesterday. Following the banks, the holding and factoring sectors recorded a 2% increase. The communication sector diverged negatively from the market today with a nearly 3% decline, while transportation experienced a partial decrease of 0.2% as it moved towards the closing.

Top 5 gaining stocks in the BIST 100 as the market approached closing:

• GUBRF
• AKBNK
• HEKTS
• SAHOL
• KLSER

Top 5 losing stocks in the BIST 100 today were:

• TCELL
• EUPWR
• KONTR
• GESAN
• MGROS

Among the stocks reaching the upper price limit on the Istanbul Stock Exchange, BMSTL, RAYSG, and SONME were among the top gainers. TDGYO, EUKYO, and IHYAY, on the other hand, were the biggest losers today.

In the domestic foreign exchange market, the dollar/TL appreciated by 0.2% to 34.55, while euro/TL declined by half a point near the 36 mark, and gram gold was trading at 2,990 TL with a 1% increase. International markets showed a high risk appetite as well. Asia closed the week positively, except for the Chinese indices. The European stock market is preparing to close the week with positive momentum. US indices also opened the day with buyers.