Istanbul Stocks Surge: A Bright Start to November 12th!

Istanbul Stock Exchange Bounces Back After Political Uncertainty, Eyes on Economic Data

Istanbul – The Borsa Istanbul (BIST) 100 index opened positively on Wednesday, November 12, 2025, recovering slightly from yesterday's losses driven by domestic political developments. The index began the day at 10,655.66 points, reflecting a 0.75% increase. This rebound comes after a challenging Tuesday session that saw the BIST 100 plummet by 1.97% to close at 10,576.45 points, triggered by the indictment of Istanbul Metropolitan Municipality Mayor Ekrem İmamoğlu and speculation surrounding the potential closure of the CHP political party.

Istanbul Stocks Surge: A Bright Start to November ...

Despite the lingering political unease, investors appeared to regain some confidence at the opening bell. Sectoral performance was mixed, with the banking index leading the charge with a 0.87% gain, followed by the holding index at 0.45%. The mining sector demonstrated the strongest performance, surging by an impressive 3.92%. Conversely, the tourism sector was the only one to experience a decline, dipping by 0.22%.

Globally, market sentiment is being influenced

Globally, market sentiment is being influenced by growing anticipation of an interest rate cut by the US Federal Reserve. This expectation is fueled by the expedited reopening of the US federal government and recent weak employment figures, bolstering risk appetite. However, losses in technology stocks are tempering enthusiasm, leading to a cautiously optimistic outlook.

Domestically, all eyes are on the release of the Balance of Payments data by the Central Bank of the Republic of Turkey (CBRT). A recent survey conducted by AA Finans, involving 18 economists, predicts a current account surplus of $1.46 billion for September. Individual forecasts ranged from a surplus of $850 million to a more optimistic $3.60 billion. Looking ahead, economists anticipate a current account deficit of $21.316 billion for the entire year of 2025.

Analysts suggest that the market will closely monitor the Turkish current account balance today, alongside German Consumer Price Index (CPI) data and weekly US mortgage applications. From a technical analysis perspective, the BIST 100 index faces resistance at the 10,700 and 10,800 levels, while support is anticipated at 10,600 and 10,500 points. The market's ability to overcome these resistance levels will be crucial in determining the short-term trajectory of the BIST 100 index, particularly in light of the ongoing political and economic uncertainties.