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Türkiye’s stock exchange continued its 2026 rally into a third consecutive week on Monday, with the benchmark BIST 100 index climbing as high as 12,837.92, its all-time intraday high. The index opened the session up 0.57% at 12,740.72, also a record, and rose as much as 1.3% during the day.
As of 12:45 p.m. GMT, the index hovered around 12,824.45, up 1.25% on the day and extending its year-to-date gains to 13.5%, as investors priced in domestic monetary easing and awaited upcoming sovereign credit rating reviews.
Among main sectoral indices, technology led the rally with a 3.89% rise, followed by financials up 1.60%, and Industrials gaining 0.63%, while services edged down 0.22%.
Sub-sectoral data at mid-day showed brokerage houses surging 5.63%, followed by banks with a 2.95% increase and mining stocks up 2.76%. On the downside, trade stocks posted the steepest drop, falling 2.48%, while food and beverage declined 0.90% and construction lost 0.55%.
Out of 23 tracked sector indices, 16 advanced and 7 declined, indicating broad-based strength despite isolated sectoral pullbacks.
Domestically, investor attention is focused on the Central Bank of the Republic of Türkiye’s (CBRT) Monetary Policy Committee meeting scheduled for January 22, where a 150 basis point rate cut is the most widely expected scenario.
On January 23, international credit rating agencies Fitch and Moody’s are set to publish their updated assessments on Türkiye’s sovereign rating. For Fitch’s review in particular, expectations have shifted in favor of a potential upgrade in outlook to "positive," amid recent macroeconomic adjustments and disinflation efforts.
Meanwhile, global markets were trading under pressure after U.S. President Donald Trump announced plans to impose tariffs on eight European countries, citing opposition to Washington’s failed bid to acquire Greenland.
The escalated tensions have stoked renewed concerns over trade tensions and geopolitical instability, pushing global equities into a more cautious mode.
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