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Istanbul stocks notch another record as BIST 100 jumps 3.5%

Traders and analysts work inside the main trading hall of Borsa Istanbul in Istanbul, Türkiye. (AA Photo)
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Traders and analysts work inside the main trading hall of Borsa Istanbul in Istanbul, Türkiye. (AA Photo)
January 29, 2026 06:02 PM GMT+03:00

Türkiye’s stock exchange, Borsa Istanbul, advanced its 2026 rally further on Thursday, with the benchmark BIST 100 index rising over 3.5% to top 13,900 for the first time.

The advance follows a record close of 13,407.44 after a 2.29% gain in the previous session, while the index opened the day at 13,502.29, up 0.71%.

Turkish banks drive Istanbul stocks higher

All major sector indices moved higher, with technology and financial stocks leading gains at around 3.5%. Of the 23 tracked sub-sectors, only three declined, while the wood, paper, and printing segment posted the strongest increase at above 1%.

The rally was largely fueled by banking stocks, which climbed nearly 7% at their intraday peak.

Among companies listed on the BIST 100, defense firm Aselsan rose 4.7%, Kiler Holding added 8.4%, and lender Garanti BBVA advanced 6.3%.

Candlestick chart shows the BIST 100 Index movements year over year as of Jan. 29, 2025. (Chart via TradingView)
Candlestick chart shows the BIST 100 Index movements year over year as of Jan. 29, 2025. (Chart via TradingView)

Foreign inflows accelerate into Turkish assets

Momentum in Turkish assets has continued alongside improving macroeconomic indicators. After better-than-expected inflation data for December, foreign inflows accelerated as optimism grew around the central bank’s ongoing easing cycle.

Official figures show overseas investors purchased $1.75 billion in Turkish assets for the eighth consecutive week, including $490.6 million in equities and $1.26 billion in government domestic debt securities, which are local-currency bonds issued by the government.

Sustained capital inflows have also pushed market rates lower. Türkiye’s two-year Treasury yield stood at 34.5%, roughly 250 basis points below the policy rate of 37%.

January 29, 2026 06:02 PM GMT+03:00
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