Turkey’s Stock Market Goes Wild: Up 2.3% in One Day, Then Drops 36 Points Next Week

Turkey’s main stock index, the BIST 100, has been swinging violently, posting a massive 2.3% single-day surge before reversing sharply to lose 36 points at the next week’s open [146031][71758].

The index jumped approximately 316.4 points in a single session, marking one of its strongest daily performances in recent months [71758]. Analysts track the BIST 100 as a key measure of the country’s largest companies and investor sentiment [71758].

But the rally fizzled fast. At the start of the following trading week, the index fell by about 36.6 points during the opening session, signaling early selling pressure [146031]. The drop followed a broader pattern of volatility that has hit Turkish markets repeatedly [33768].

Just days earlier, the BIST 100 had also posted a solid 1% gain, closing up 143.73 points in another positive session [128734]. On a separate day, the index opened higher by 20.8 points, showing positive early sentiment [21230].

The central bank has stepped in to prop up the market, announcing cheaper financing for lenders that buy domestic stocks [80220]. That move directly boosted the index by 32.6 points in a single session [80220].

Despite these ups and downs, the market has also seen flat trading, with the BIST 100 losing just 7 points at the opening bell on one Friday, showing almost no movement [143670].