Final Report on Turkish Markets; Stock and Currency Fluctuations on July 9, 2026

Borsa Istanbul (BIST 100) Index Performance

At the close of the trading day on July 9, 2026, the Borsa Istanbul (BIST 100) main index closed at 14,105.44 points, representing a decrease of 0.60% [1]. This decline occurred despite the market starting the day with a positive and increasing approach, but it came under selling pressure in the final hours. Throughout the day, the index fluctuated between a high of 14,275.09 points and a low of 14,053.48 points [2].

The banking and holding sectors, which saw relative growth at the start of trading, were unable to maintain their upward trend. However, some sectors such as insurance performed better with a growth of 1.07%, while the information technology sector experienced the largest decline at 0.64% [1].

Currency Market Fluctuations and Lira Stability

In the foreign exchange market, the Turkish Lira remained under pressure against foreign currencies. The USD/TRY exchange rate reached 46.87 Lira at the end of trading on July 9, indicating a slight increase of 0.06% compared to the previous day [2]. Additionally, the Euro traded at 53.66 Lira, reflecting a growth of 0.28% [3].

Analysts believe that domestic political tensions and expectations surrounding the results of international meetings, including the NATO summit in Ankara, have added to the sensitivities of the currency market [4]. The relative stability in the exchange rate despite inflationary pressures is evaluated as a result of the Central Bank of the Republic of Turkey's tight monetary policies in recent months.

Gold and Precious Metals Market

The gold market witnessed a jump in prices on July 9. In the Grand Bazaar (Kapalıçarşı), the price of 18-karat gold reached 6,217.45 Lira per gram, an increase of 1.33% compared to the previous trading day [2]. This price increase was influenced by the rise in global spot gold prices as well as domestic exchange rate fluctuations. Local investors in Turkey continue to prefer gold as a safe haven against inflation and stock market volatility.

Leading Stocks and Trading Volume

Among listed companies, the highest trading volumes belonged to major firms such as Turkish Airlines (THYAO), Aselsan (ASELS), and Sasa (SASA) [1]. Shares of the company SANEL topped the list of highest price increases with a 10% growth, while SVGYO shares experienced the largest loss in value with a 10% decrease [2].

Capital market experts believe that given the end of the trading week and upcoming political events, the market may witness cautious behavior from traders in the coming days. The main focus of the market is currently on government economic statements and monthly inflation data, which will determine the direction of the indices in the second half of July.