BIST 100 Closes Higher: Banking Slides While Chemicals & Plastics Lead Gains

The BIST 100 index closed the day on a positive note, climbing 89.93 points and reviving investors' risk appetite.

The Pulse of Istanbul's Exchange

■Index gain: +89.93 points

■Total turnover: TRY 186.1 billion

■Banking sector index: ‑1.51% decline

■Holding sector index: +1.48% rise

Sector Winners and Losers

■Top performer: Chemicals, Oil & Plastics (+4.40%)

■Biggest laggard: Financial Leasing & Factoring (‑9.13%)

■Other notable moves:

- Banking down 1.51% - Holding up 1.48%

Global Tensions, Local Impact

The ongoing US‑Iran tension continues to fuel volatility in global markets, yet the negative drift in European exchanges failed to dampen BIST 100's ascent. This external pressure has encouraged local investors to gravitate toward risk assets.

Upcoming Data Calendar and Technical Levels

■Domestic data: A quiet agenda is expected this week.

■International data: UK three‑month unemployment rate, Germany and Euro‑area ZEW economic sentiment index will be monitored.

■Technical resistance: 14,200–14,300 points

■Support zones: 14,000–13,900 points

■TCMB policy rate outlook: 37% expected to stay unchanged (AA Finance poll)

Markets view the BIST 100's rise as technically sustainable amid persistent US‑Iran tensions. The robust performance of the chemicals‑oil‑plastics cluster fuels short‑term liquidity inflows, while the pull‑back in banking and financial leasing underscores the need for portfolio diversification. The coming week will test whether the 14,200/14,300 resistance holds, with UK unemployment and ZEW readings poised to steer market direction.