Turkey benchmark stock index opens flat

Turkey benchmark stock index opens flat

The BIST 100, Turkey's benchmark stock index, opened flat on Tuesday, September 2, 2025, reflecting mixed performance across various sectors. The index ended the trading session with a decline of 3.57%, influenced by losses in sectors such as Banking, Metal Products & Machinery, and Holdings & Investments [1].

The day's trading saw 474 stocks falling, 112 rising, and 6 remaining unchanged on the Istanbul Stock Exchange. Among the top performers, 1000 Yatirimlar Holding AS (IS:BINHO) rose 3.86%, while Destek Finans Faktoring As (IS:DSTKF) and Sekerbank TAS (IS:SKBNK) also saw significant gains of 3.47% and 2.27%, respectively, reaching all-time highs [1]. Conversely, Anadolu Efes Biracilik ve Malt Sanayi AS (IS:AEFES) and Turkiye Is Bankasi AS Class C (IS:ISCTR) were among the worst performers, falling by 7.79% and 6.88%, respectively [1].

In the broader economic context, Turkey's GDP growth accelerated to 4.8% year-on-year in the second quarter of 2025, driven by stronger household consumption, investment, and exports. This growth rate outpaced market expectations and marked the fastest pace since the first quarter of 2024 [2]. However, the index's performance was also influenced by the recent economic indicators, including the US Dollar Index Futures rising 0.46% to 98.14 and USD/TRY strengthening by 0.18% to 41.15 [1].

The Turkish economy has shown resilience despite the ongoing monetary tightening, with GDP expanding 3% year-on-year in the fourth quarter of 2024 and 2% in the first quarter of 2025. The central bank's interest rate adjustments have played a significant role in shaping the economic landscape, although recent market turmoil following the arrest of Istanbul Mayor Ekrem Imamoglu has led to a reversal in rate cuts [2].

Overall, the BIST 100's flat opening reflects the mixed signals from both the stock market and broader economic indicators. Investors will continue to monitor these developments closely as they shape the Turkish economy's trajectory.

References:
[1] https://www.investing.com/news/stock-market-news/turkey-stocks-lower-at-close-of-trade-bist-100-down-357-4219822
[2] https://tradingeconomics.com/turkey/gdp-growth-annual