Business · Markets · 10 hrs ago
Turkey’s BIST 100 falls as two senior finance officials leave
Turkey’s BIST 100 index ended the day lower, dropping 291.58 points, with total trading volume of 106.1 billion lira.
Banking shares were the only sector to rise, gaining 0.28%, while financial leasing and factoring shares fell 7.39%.
Deputy Finance Minister Osman Çelik submitted a retirement petition to Finance Minister Mehmet Şimşek, effective that day.
Capital markets regulator chief Mahmut Sütcü also resigned, citing health problems.
The two departures came as investors assessed a falling market and looked ahead to economic data from Turkey and abroad.
Analysts will watch upcoming data, including US jobs and housing figures, Germany’s ZEW indexes and China’s lending rates; they identified 11,300 and 11,200 points as support levels for the BIST 100, and 11,500 and 11,600 as resistance levels.
Turkey’s BIST 100 index fell by 291.58 points compared with its previous close.
The day’s total trading volume was 106.1 billion lira.
Deputy Treasury and Finance Minister Osman Çelik submitted retirement papers to Minister Mehmet Şimşek, effective that day.
Capital Markets Board Chair Mahmut Sütcü submitted his resignation, citing health problems.
- Who
- Turkey’s BIST 100, Deputy Treasury and Finance Minister Osman Çelik, and Capital Markets Board Chair Mahmut Sütcü.
- What
- The index fell, while Çelik submitted retirement papers and Sütcü submitted his resignation.
- When
- October 19, 2026. Çelik’s retirement was effective that day.
- Where
- Turkey.
- Why
- The reason for the market decline is not stated. Sütcü cited health problems; the reason for Çelik’s retirement is not stated.
This story does not have two clearly opposing sides.
Osman Çelik submitted retirement papers to Mehmet Şimşek, effective that day.
Mahmut Sütcü submitted his resignation, citing health problems.
The BIST 100 ended the day 291.58 points lower than its previous close.
- BIST 100 change
- Down 291.58 points
- Trading volume
- 106.1 billion lira
- Deputy minister
- Osman Çelik
- Capital Markets Board chair
- Mahmut Sütcü
- Retirement effective
- October 19, 2026