Türkiye’s stock exchange ends week with slight rebound
File photo shows the interior of Borsa İstanbul headquarters, Türkiye's stock exchange, with multiple digital screens displaying market data and branding in Istanbul, Türkiye. (AA Photo)
Türkiye’s stock exchange, Borsa Istanbul’s benchmark index closed Friday at 9,951.65 points, rising 1.11% from the previous close.
Borsa Istanbul’s BIST 100 index rose 109.50 points extending its gains for the second session. However, on a weekly basis, the stock exchange lost 0.33% as of Friday close, impacted by global economic uncertainties, new U.S. tariffs, and worse-than-expected Turkish inflation data.
Top-performing sectors
The top-performing sectors this week in Borsa Istanbul were financial leasing & factoring (+4.22%), mining (+3.64%), and primary metal (+2.81%), while sports (-5.87%), banking (-2.76%) and insurance (-2.74%) recorded the biggest declines.
On the other hand, the price of an ounce of gold was $2,860, while Brent crude oil sold for around $74.66 per barrel.
The US dollar/Turkish lira exchange rate was 35.9863, while the euro exchange rate stood at ₺37.1631, and the sterlin traded at ₺44.6554.
The Turkish market’s focus next week will be on the industrial production index and labor force statistics on Feb. 10, Turkish retail sales on Feb. 11, and the CBRT Survey of Market Participants on Feb. 14, 2025.
