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October 16, 202614°
BIST10012,070
-0.40%
USD49.39
+0.05%
EUR55.30
+0.16%
GOLD4,180.60
+0.25%
INTEREST37.00%
-1.00
BITCOIN82,096
+0.64%
October 16, 202614°

Finance & Banking

Turkey Aims to Become a Regional Hub in Transit Trade
DIŞYÖNDER President Hakan Çınar stated that with increasing risks along global trade routes, Turkey could emerge prominently in transit trade. Çınar emphasized the need to strengthen the country's role as a logistics and financial center through a strategy focused on Istanbul, Mersin, and Izmir.
Gold Kilogram Price Rises 4.3% at Borsa İstanbul
At Borsa İstanbul Precious Metals and Precious Stones Market, the kilogram price of standard gold closed the day at 6,549,999 Turkish lira. During the day, gold fluctuated between 6,270,000 and 6,549,999 lira, marking a 4.3% increase compared to Friday.
SpaceX Raises $75 Billion in IPO, Boosting Valuation to $1.77 Trillion
SpaceX completed the largest IPO in U.S. history with a share price of $135. The company raised $75 billion, increasing its market valuation to $1.77 trillion.
Borsa İstanbul Ends Flat After Interest Rate Decision and Halkbank Statement
The BIST 100 index gave back part of its gains following the Central Bank of Turkey's decision to keep the interest rate at 37% and Halkbank's statement regarding the lawsuit. The market closed flat at the end of the day, with the communication sector being the top gainer and tourism the biggest loser among sectors.
Kontrolmatik’s Market Value Plummets 93% in 33 Months
Kontrolmatik shares suffered a sharp decline following debt defaults and heavy insider sales. The company's market value dropped approximately 93% in dollar terms from its peak in September 2023 to June 2026, falling to 197 million dollars.
Bank Freezes Thousands of Accounts in Gaza; Public Outcry Grows
Thousands in Gaza report that Bank of Palestine froze their accounts and some e-wallets without prior notice. The move has made it harder for families in the region to access daily expenses, sparking widespread backlash.
Foreign Investors Focus on Astor Enerji and Select Stocks in May
In May, foreign investors on Borsa Istanbul made the largest purchase in Astor Enerji shares. The most sold stock was Aselsan; the top 10 purchases totaled 372 million dollars, while the top 10 sales reached 995.6 million dollars.
27 Detained in Multi-Million Credit Fraud Using Fake Appraisal Reports
In an Istanbul-centered operation, suspects identified for committing credit fraud using fake appraisal reports were targeted. Simultaneous raids led to the detention of 27 individuals.
FCMB Group's Annual Profit Hits Record High, Dividend Proposal Increased
FCMB Group announced a 147.7% increase in its annual net profit, reaching 177.3 billion naira, marking a record in the company's history. Following these results, the group management proposed a cash dividend of 0.35 naira per share.
US Treasury Yields Remain Steady Ahead of Key Economic Data
US Treasury yields largely held steady ahead of new economic data scheduled for release this week. The 10-year benchmark yield stayed at 4.55%, as investors await employment and home sales reports.

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