BIST 100 closes at 10,961.67 after 1.88% rebound
Published on 11/02/2026 at 22:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBIST 100 rebounds after October sell-off
- The index closed November 2 at 10,961.67 points, up 1.88% from the previous session.
- Transport, banking, and food and beverage shares led the advance, while market breadth remained slightly negative.
- Lower oil prices amid renewed US-Iran diplomatic hopes supported broader risk appetite.
The BIST 100 closed Monday’s session on November 2, 2026, at 10,961.67 points, gaining 202.11 points, or 1.88%, from the previous close. The move followed a 3.64% decline to 10,759.56 points on October 30, according to CNBC-e.
Banking and transport shares lead
Buying interest was concentrated in transport, banking, and food and beverage shares. Investing.com reported that Gubre Fabrikalari rose 9.99%, Turkish Airlines gained 7.76%, and Cw Enerji advanced 6.38% among the strongest BIST 100 performers. Dogus Otomotiv fell 9.99%, while Akfen Renewable Energy lost 9.79%.
Despite the index advance, declining shares outnumbered advancing shares on Borsa Istanbul by 318 to 294, with 26 unchanged. The mixed breadth suggests that the rebound was not evenly distributed across the market.
Oil decline improves regional sentiment
Global sentiment benefited from a sharp decline in crude prices as diplomatic efforts involving Iran and the United States raised hopes of progress toward easing the conflict. Investing.com reported that December crude futures fell 6.60% to 97.25 US dollars per barrel, while January Brent futures declined 6.63% to 105.91 US dollars.
Lower energy prices can be supportive for oil-importing economies such as Türkiye by reducing immediate cost and inflation pressures. The market response remains sensitive to geopolitical developments, however, and the day’s gain followed a substantial October decline rather than establishing a new trend.
Rebound follows a volatile opening
CNBC-e reported that the index opened at 10,765.09 points and initially came under selling pressure before recovering as buying interest strengthened. The session also followed a weak manufacturing backdrop: the October Istanbul Manufacturing PMI fell to 47.3, remaining below the 50 threshold that separates expansion from contraction.
For continuity, the BIST 100 is the market-cap-weighted, non-capped price index identified by Borsa Istanbul with the code XU100 and ISIN TRAIMKB00010. Further coverage of the index is available on the BIST 100 topic page.
