Türkiye’s stock market rebounds to end the week higher

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 rebounded from a sharp drop at Monday’s opening, driven by global economic uncertainties, new U.S. tariffs, and worse-than-expected Turkish inflation data, rising 109.50 points to close the week with a 1.81% gain.

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.