Business · Markets · 5 hrs ago
Turkey’s BIST 100 falls more than 21% since September
Turkey’s BIST 100 share index fell to 11,396 during Monday trading, its lowest point that day.
The index has lost about 21% since 11 September, when the fund-sector crisis came to light.
It fell below two key support levels, 11,600 and 11,500, which analysts had been watching; further declines could bring 11,250 and then the 10,900s into view.
The market is also facing wider pressures, while MSCI has increased its scrutiny of Turkey’s fund sector and warned that the country’s emerging-market status could be at risk in future.
MSCI has not announced a specific change to Turkey’s status, and some investment analysts said the warning’s impact could be limited.
Turkey’s government says a bill to oversee troubled funds has passed a parliamentary committee, and expects it to help limit effects on financial markets and the wider economy.
If parliament passes the bill, interim payments to investors are expected to begin soon; the number of funds in liquidation has fallen from 131 to 65.
Turkey’s BIST 100 index lost about 21.2% from 11 September to a low of 11,396 during Monday’s trading.
The index fell below the 11,600 and 11,500 support levels that brokerage reports had identified.
Analysts differed on how much the developments around troubled funds and an MSCI warning would affect the market.
Turkey’s Economic Coordination Board said it expected the effects on the financial system and real economy to remain limited.
The board said a bill on the liquidation of troubled funds had been submitted to parliament and passed by its Plan and Budget Committee.
- Who
- Turkey’s BIST 100 index and investors in the Turkish stock market.
- What
- The index continued to fall, losing about 21.2% from 11 September and breaking below two identified support levels.
- When
- Monday, 19 October 2026; the decline was measured from 11 September.
- Where
- Turkey’s Borsa Istanbul, in the BIST 100 index.
- Why
- The sources link the selling to developments involving troubled funds and an MSCI warning. They also cite weak international markets.
Turkish Economic Coordination Board and Garanti BBVA Investment
MSCI warning and cautious market analysts
Market impact
Turkish Economic Coordination Board and Garanti BBVA Investment
The board said it expected the effects on the financial system and real economy to remain limited. Garanti BBVA Investment said the MSCI statement’s effect could be limited.
MSCI warning and cautious market analysts
QNB Investment advised caution below 11,900, while AK Investment said the loss of support levels signalled a worsening technical outlook.
The BIST 100 stood at 14,467 when developments involving funds began.
The index opened down 1.4% after a new MSCI warning and ended the day down 2.9%; the weekly loss was 4.4%.
The index fell as low as 11,396, breaking below the 11,600 and 11,500 support levels.
The Economic Coordination Board said it expected the effects of the developments to remain limited and discussed the fund liquidation process.
- BIST 100 decline
- About 21.2% since 11 September
- Lowest level during Monday trading
- 11,396
- Support levels broken
- 11,600 and 11,500
- Possible next support
- 11,250; then levels around 10,900
- Funds in liquidation
- Fell from 131 to 65
- Fund liquidation bill
- Passed by parliament’s Plan and Budget Committee
What people are saying
We expect the effects of the developments on the financial system and real economy to remain limited, thanks to our strong macroeconomic foundations and the policies we are implementing decisively.
Let us underline that MSCI, which announced it was placing Turkey under review in the middle of the year, has not taken a concrete decision on Turkey, as in the Indonesia example.
It is advisable to remain cautious below 11,900.