Turkey BIST 100 Closes Higher on Lower Oil Prices

The move came as markets reacted positively to US President Donald Trump’s comment that Washington would not launch an attack on Iran before the midterm elections, reducing fears of an immediate shock to crude supplies. Lower oil prices tend to ease pressure on inflation expectations and imported energy costs, a key consideration for Turkish assets and broader emerging-market sentiment.

Domestic headlines also remained in focus. A draft bill submitted to parliament would allow interim payments to investors in certain liquidated funds, part of the government’s effort to unwind a market manipulation scandal that has already shaken confidence in Turkish equities. A separate coordination meeting chaired by Vice President Cevdet Yılmaz reviewed the technical steps for liquidation and repayment processes.

For investors, the day’s gain suggests buyers are still willing to step in when global risk sentiment improves, but the market remains vulnerable to trust issues at home and swings in oil prices abroad. Analysts are watching next week’s local current-account, budget and housing data, alongside US inflation, retail sales and industrial production, with BIST 100 resistance seen at 12,400 and 12,500 and support at 12,100 and 12,000.