BIST 100 Slides, Gold Surges: Dual Currents in Market Sentiment

BIST 100 closed at 14,396.54 points, a 0.43 % decline after opening 0.07 % higher at 14,469.07 points, sending a mixed signal across markets.

Tech Decline, Services Resilience

■Technology index fell 1.49 % to 14,562.51 points.

■Services index rose 0.05 % to 0.16 % growth.

■Industrial index gained 0.25 %.

■Financial index recovered a 0.16 % rise to offset a 73.25‑point drop.

Gold: Safe Haven in Turbulence

■International spot at 18:20: $4,525 per ounce.

■Borsa Istanbul Gold Market: kilogram price ₺6,880,000, up 1.3 %.

Bond Yields and Currency Rates

■15 Mar 2028 Treasury yield: simple 37.35 %, compound 40.84 %.

■TCMB effective rates: buy 47.8307, sell 48.0224 TL.

■EUR/USD 1.1680, GBP/USD 1.3633, USD/JPY 158.8.

Corporate Movers: From Tüpraş to ASELSAN

■43 stocks gained, 52 fell.

■Top traded names: Tüpraş, Turkish Airlines, ASELSAN, Akbank, Ereğli Steel.

Kerem Tufan: The dip in BIST 100 reflects heightened volatility in the tech sector, while modest gains in services and industry hint at underlying resilience. Gold’s rally underscores a flight‑to‑quality sentiment, and the sustained high bond yields signal ongoing tightening in credit markets. Together, these dynamics amplify the risk of a contraction in SME lending and a slowdown in commercial credit growth, intensifying the macro‑prudential pressure on the banking sector.