BIST 100 hits 13,533: Middle East Ceasefire Sparks Major Rally

The BIST 100 index soared by 4.74% in the first half of trading today, reaching a record high of 13,533.85 points. This dramatic surge is fueled by a sudden de-escalation of regional tensions following the announcement of a 15-day temporary ceasefire between the US, Iran, and Israel—a deal reportedly brokered with significant mediation from Pakistan.

As of midday on April 8, 2026, the market saw widespread buying interest, with the banking index leading the rally with a staggering 9.08% gain. Total transaction volume hit 144.4 billion TL, reflecting high investor confidence as global and domestic risks begin to recede.

BIST 100: Ceasefire Impact and Market Performance

The news that US President Donald Trump accepted a proposal to suspend military actions for two weeks has transformed market sentiment. The “ceasefire rally” is visible across several key metrics:

• BIST 100 Index: Rose by 612.28 points to settle at 13,533.85 by 13:00.

• Banking & Holding Sectors: While banks surged by over 9%, the holding index also climbed 5.68%.

• Market Outlier: The chemical, petroleum, and plastic sector was the sole decliner, dropping 2.10%, likely due to the cooling of energy-related risk premiums.

Türkiye’s Risk Premium (CDS) Plummets

The easing of the “war risk” has had an immediate impact on Türkiye’s 5-year Credit Default Swap (CDS). The risk premium dropped by nearly 37 basis points, falling to 248.8. This follows a volatile March, during which the CDS climbed as high as 327 basis points at the height of the regional conflict.

Global Context: Bond Yields and US Relations

The positive atmosphere in Borsa İstanbul mirrors a global trend, with US Treasury yields retreating. The 10-year US bond yield fell to 4.24%, providing additional breathing room for emerging markets like Türkiye. Analysts suggest that the combination of lower global borrowing costs and the regional ceasefire has created a “perfect storm” for the current bullish run in Turkish equities.