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Reeder

Full company profile

uuid0008ebs

Namestring
Reeder
Legal namestring
Reeder Teknoloji Sanayi Ve Ticaret AS
Websiteurl
reeder.com.tr
Company typeenum
Public
Founded yearint
2009
Descriptiontext

Reeder Teknoloji Sanayi Ve Ticaret AS is a Turkish consumer electronics manufacturer and retailer headquartered in Tekkeköy, Turkey. Founded in 2009 and publicly listed on Borsa Istanbul under ticker REEDR (BIST 100), the company designs, assembles and distributes a broad portfolio of connected hardware organized under seven sub-brands: Reeder (smartphones, tablets, laptops, smart TVs, e-readers), Reefit (smartwatches, smart rings, massage devices), Apollo (earbuds, headphones, Bluetooth speakers), Alfreed (robot vacuums, stick vacuums), Hairee (hair dryers, straighteners), ReeV (electric vehicles), Reemark (Bluetooth trackers) and Kiddo (children's smartwatches). The product line also includes third-party distribution (Sony PlayStation 5, Xiaomi tablets). Technical differentiation is incremental — Android-based smartphones, LFP-battery EVs with DC fast charging (ReeV Aura: 333km range, 31.9 kWh), laser-guided robot vacuums, and BLE tracking — rather than based on proprietary core technology.

Reeder operates a direct-to-consumer go-to-market model anchored on its e-commerce platform reeder.com.tr, complemented by a nationwide physical retail footprint, a bayi (dealer) membership portal at bayi.reeder.com.tr, and WhatsApp-assisted sales. Pricing is unit-based in Turkish Lira, with free nationwide shipping, 14-day returns, promotional bundles and discount codes as the core promotional mechanics. Brand Finance's Turkey 2025 report ranks Reeder as the country's 3rd most valuable device manufacturer, supporting its positioning as a local alternative to global incumbents across phones, EVs and home appliances. The customer base is fragmented mass-market Turkish consumers; there are no disclosed enterprise or B2B customers. Marketing is conducted through owned social channels (Facebook, X, Instagram, TikTok, YouTube, LinkedIn), a content blog, and an email newsletter. Geographic exposure is single-country (Turkey); no international expansion signals were observed in the supplied data.

Short descriptiontext

Reeder is a Turkish consumer electronics manufacturer and retailer that designs, assembles and sells smartphones, tablets, laptops, wearables, audio devices, smart-home appliances and electric vehicles under seven sub-brands, serving mass-market Turkish consumers via its own e-commerce site, physical stores and dealer network.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersTekkeköy
HQ citystring
Tekkeköy
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
consumer electronics, smartphone manufacturing, electric vehicles, wearable technology, smart home appliances
Industry5 codes
1Mobile Operating Systems & Firmware (Android forks, OEM UI, Feature Phone OS)
CodeCRACALAEPrimaryYes
2eReaders & ePaper Tablets
CodeHDACAMAKPrimaryNo
3Consumer Laptops (Mainstream & Premium)
CodeHDACAAAFPrimaryNo
4Headphones & Personal Audio Retail (Earbuds, ANC, DACs)
CodeCRACAEAGPrimaryNo
5Consumer Robotics Accessories & Consumables (Docking Stations, Filters, Brushes, Batteries)
CodeCRACARAIPrimaryNo
NAICS code4 codes
  • Telephone Apparatus Manufacturing334210
  • Computer and Peripheral Equipment Manufacturing33411
  • Audio and Video Equipment Manufacturing3343
  • Small Electrical Appliance Manufacturing335210
SIC code2 codes
  • Household Audio & Video Equipment3651
  • Electric Housewares & Fans3634
Product category
Consumer Electronics
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model1 record
1Hardware Product Sales
TypeHardware Sales
Description

Reeder generates primary revenue through the sale of consumer electronics hardware products including smartphones, tablets, laptops, smartwatches, earbuds, speakers, smart home appliances, and electric vehicles through its e-commerce platform and physical retail stores.

reeder.com.tr
Marketing channels9 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Pricing details1 tier
1Consumer electronics products at various price points
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Products range from budget-friendly options (starting around 1,100 TL for speakers) to premium devices (up to 67,999 TL for flagship smartphones like Reeder S919). Electric vehicles range from 399,000 TL to 1,350,000 TL.

reeder.com.tr
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 7 records shown
1Reefit
Description

Smart watch and wearable technology sub-brand

reeder.com.tr
+6 more records
Core offering1 text field

Reeder manufactures and sells a broad portfolio of consumer electronics and smart devices including smartphones, tablets, laptops, e-readers, wearable technology (smartwatches and smart rings), electric vehicles, audio products, and home appliances. The company operates multiple sub-brands such as Reefit, Apollo, Alfreed, Hairee, ReeV, Reemark, and Kiddo to address distinct product categories, and also distributes third-party products like Sony PlayStation consoles and Xiaomi tablets through its channels.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Reeder is a Turkish technology brand offering a diverse portfolio of consumer electronics and smart devices. The product ecosystem spans multiple categories including smartphones (S9 series, S7 series with foldable variant, S2 series), tablets (T7 series, M11 series, e-readers), laptops (G19 Pro S, E19, D19, C19), smartwatches (Reefit, Reefit SE, Kiddo2), smart rings, wireless audio (Apollo Earpods Pro, Apollo Max headphones, Apollo speakers), electric vehicles (ReeV Aura with 333km range, ReeV Fancy, ReeV Fancy Lite), smart home appliances (Alfreed robot vacuums, Smart TVs, Hairee hair care products, massage devices), and kitchen appliances. The brand positions itself as Turkey's 3rd most valuable device manufacturer according to Brand Finance 2025, and also distributes third-party products including Sony PlayStation consoles and Xiaomi tablets. Products are available through the reeder.com.tr e-commerce platform with free shipping and physical store locations.

Product and service1 record
1Reeder S-series smartphones (S919, S71, S71 Flip, S23 Pro Max, S19 Max Pro S, S19 Max)
Scale indicator2 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Turkish electronics conglomerate manufacturing TVs, white goods, and small appliances. Directly comparable Turkish multi-category consumer electronics brand, also traded on Borsa Istanbul, with overlapping product portfolio in TVs, appliances, and laptops.

TypeDirect peer
Description

Multi-category consumer electronics leader across smartphones, IoT, wearables, audio, EVs, and home appliances with sub-brand portfolio. Reeder's multi-category sub-brand playbook (Reefit/Apollo/Alfreed/Hairee/ReeV) closely mirrors Xiaomi's Mi Ecosystem business model.

TypeDirect peer
Description

Turkey's largest home appliance manufacturer, owner of Beko and Grundig brands, traded on Borsa Istanbul. Competes directly with Reeder in kitchen appliances, vacuum cleaners, TVs, and small electrical goods with overlapping product lines and Turkish distribution.

TypeDirect peer
Description

Smartphone-focused brand targeting emerging markets including Turkey, with competitive mid-range Android pricing. Directly competes in the same smartphone tier as Reeder's S-series and S Pro Max products with similar value-oriented positioning.

TypeDirect peer
Description

Smartphone manufacturer with parallel ecosystem strategy spanning Enco audio and OPPO Watch wearables. Closely parallels Reeder's smartphone + audio + wearable multi-sub-brand playbook with overlapping price tiers in emerging markets.

TypeDirect peer
Description

Emerging-market smartphone brand with growing product portfolio including laptops and wearables. Competes directly with Reeder in Turkey and similar EMEA markets for budget-to-mid-tier Android smartphone and connected device buyers.

TypeBroad incumbent
Description

Global leader across smartphones, TVs, laptops, wearables, and home appliances with proprietary chips, displays, and One UI. Competes with Reeder across nearly every category but at vastly larger scale with full-stack IP ownership.

TypeBroad incumbent
Description

Global tech giant with smartphones, wearables, audio, and IoT products and proprietary HarmonyOS. Holds a multi-category consumer electronics position similar to Reeder's ambition but with substantially greater R&D resources and IP portfolio.

TypeBroad incumbent
Description

Premium smartphones, laptops, tablets, and wearables with proprietary iOS/macOS/watchOS ecosystems. Competes with Reeder's smartphone, laptop, and wearable lines, though positioned in different market tiers with vastly higher ASPs.

TypeEmerging player
Description

Premium home appliances leader in cordless vacuums, robot vacuums, and hair care. Competes directly with Reeder's Alfreed (vacuum) and Hairee (hair dryer) sub-brands in the Turkish premium home appliance category with strong global brand recognition.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile6 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature7 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Reeder

Consumer Electronicsreeder.com.tr

Reeder is a Turkish consumer electronics manufacturer and retailer that designs, assembles and sells smartphones, tablets, laptops, wearables, audio devices, smart-home appliances and electric vehicles under seven sub-brands, serving mass-market Turkish consumers via its own e-commerce site, physical stores and dealer network.

What Reeder does

Reeder Teknoloji Sanayi Ve Ticaret AS is a Turkish consumer electronics manufacturer and retailer headquartered in Tekkeköy, Turkey. Founded in 2009 and publicly listed on Borsa Istanbul under ticker REEDR (BIST 100), the company designs, assembles and distributes a broad portfolio of connected hardware organized under seven sub-brands: Reeder (smartphones, tablets, laptops, smart TVs, e-readers), Reefit (smartwatches, smart rings, massage devices), Apollo (earbuds, headphones, Bluetooth speakers), Alfreed (robot vacuums, stick vacuums), Hairee (hair dryers, straighteners), ReeV (electric vehicles), Reemark (Bluetooth trackers) and Kiddo (children's smartwatches). The product line also includes third-party distribution (Sony PlayStation 5, Xiaomi tablets). Technical differentiation is incremental — Android-based smartphones, LFP-battery EVs with DC fast charging (ReeV Aura: 333km range, 31.9 kWh), laser-guided robot vacuums, and BLE tracking — rather than based on proprietary core technology.

Reeder operates a direct-to-consumer go-to-market model anchored on its e-commerce platform reeder.com.tr, complemented by a nationwide physical retail footprint, a bayi (dealer) membership portal at bayi.reeder.com.tr, and WhatsApp-assisted sales. Pricing is unit-based in Turkish Lira, with free nationwide shipping, 14-day returns, promotional bundles and discount codes as the core promotional mechanics. Brand Finance's Turkey 2025 report ranks Reeder as the country's 3rd most valuable device manufacturer, supporting its positioning as a local alternative to global incumbents across phones, EVs and home appliances. The customer base is fragmented mass-market Turkish consumers; there are no disclosed enterprise or B2B customers. Marketing is conducted through owned social channels (Facebook, X, Instagram, TikTok, YouTube, LinkedIn), a content blog, and an email newsletter. Geographic exposure is single-country (Turkey); no international expansion signals were observed in the supplied data.

Reeder firmographics

Firmographics
Name
Reeder
Legal name
Reeder Teknoloji Sanayi Ve Ticaret AS
Website
https://reeder.com.tr
Company type
Public
Founded year
2009
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Reeder is a Turkish consumer electronics manufacturer and retailer that designs, assembles and sells smartphones, tablets, laptops, wearables, audio devices, smart-home appliances and electric vehicles under seven sub-brands, serving mass-market Turkish consumers via its own e-commerce site, physical stores and dealer network.
Ownership category
akta.pro rank

Reeder industry classification

Industry
Product category
Consumer Electronics
NAICS
Telephone Apparatus Manufacturing (334210), Computer and Peripheral Equipment Manufacturing (33411), Audio and Video Equipment Manufacturing (3343), Small Electrical Appliance Manufacturing (335210)
SIC
Household Audio & Video Equipment (3651), Electric Housewares & Fans (3634)
akta.pro primary industry
Mobile Operating Systems & Firmware (Android forks, OEM UI, Feature Phone OS) (CRACALAE)
akta.pro secondary industries
eReaders & ePaper Tablets (HDACAMAK), Consumer Laptops (Mainstream & Premium) (HDACAAAF), Headphones & Personal Audio Retail (Earbuds, ANC, DACs) (CRACAEAG), Consumer Robotics Accessories & Consumables (Docking Stations, Filters, Brushes, Batteries) (CRACARAI)

Keywords

  • Consumer electronics
  • Smartphone manufacturing
  • Electric vehicles
  • Wearable technology
  • Smart home appliances

Where Reeder is headquartered

Location

Headquarters

HQ city
Tekkeköy

Offices1 record

Markets served

Reeder business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. Hardware Product Sales: Reeder generates primary revenue through the sale of consumer electronics hardware products including smartphones, tablets, laptops, smartwatches, earbuds, speakers, smart home appliances, and electric vehicles through its e-commerce platform and physical retail stores.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goConsumer electronics products at various price points

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Reeder product offering

Product offering

Core offering

Reeder manufactures and sells a broad portfolio of consumer electronics and smart devices including smartphones, tablets, laptops, e-readers, wearable technology (smartwatches and smart rings), electric vehicles, audio products, and home appliances. The company operates multiple sub-brands such as Reefit, Apollo, Alfreed, Hairee, ReeV, Reemark, and Kiddo to address distinct product categories, and also distributes third-party products like Sony PlayStation consoles and Xiaomi tablets through its channels.

Product overview

Reeder is a Turkish technology brand offering a diverse portfolio of consumer electronics and smart devices. The product ecosystem spans multiple categories including smartphones (S9 series, S7 series with foldable variant, S2 series), tablets (T7 series, M11 series, e-readers), laptops (G19 Pro S, E19, D19, C19), smartwatches (Reefit, Reefit SE, Kiddo2), smart rings, wireless audio (Apollo Earpods Pro, Apollo Max headphones, Apollo speakers), electric vehicles (ReeV Aura with 333km range, ReeV Fancy, ReeV Fancy Lite), smart home appliances (Alfreed robot vacuums, Smart TVs, Hairee hair care products, massage devices), and kitchen appliances. The brand positions itself as Turkey's 3rd most valuable device manufacturer according to Brand Finance 2025, and also distributes third-party products including Sony PlayStation consoles and Xiaomi tablets. Products are available through the reeder.com.tr e-commerce platform with free shipping and physical store locations.

Differentiator

Problem solved

Functional benefit

Brands

  • Reefit: Smart watch and wearable technology sub-brand
  • Apollo
  • Alfreed
  • Hairee
  • ReeV
  • Reemark
  • Kiddo

Products and services

  • Reeder S-series smartphones (S919, S71, S71 Flip, S23 Pro Max, S19 Max Pro S, S19 Max)

Companies that use Reeder

Customer profile

Segments5 records

Ideal customer profiles6 records

Reeder technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature7 records

Reeder partnerships and signals

Strategic signal

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Reeder competitors and assessment

Company assessment

Direct peers

  • Vestel: Turkish electronics conglomerate manufacturing TVs, white goods, and small appliances. Directly comparable Turkish multi-category consumer electronics brand, also traded on Borsa Istanbul, with overlapping product portfolio in TVs, appliances, and laptops.
  • Xiaomi: Multi-category consumer electronics leader across smartphones, IoT, wearables, audio, EVs, and home appliances with sub-brand portfolio. Reeder's multi-category sub-brand playbook (Reefit/Apollo/Alfreed/Hairee/ReeV) closely mirrors Xiaomi's Mi Ecosystem business model.
  • Arçelik (Beko): Turkey's largest home appliance manufacturer, owner of Beko and Grundig brands, traded on Borsa Istanbul. Competes directly with Reeder in kitchen appliances, vacuum cleaners, TVs, and small electrical goods with overlapping product lines and Turkish distribution.
  • Realme: Smartphone-focused brand targeting emerging markets including Turkey, with competitive mid-range Android pricing. Directly competes in the same smartphone tier as Reeder's S-series and S Pro Max products with similar value-oriented positioning.
  • OPPO: Smartphone manufacturer with parallel ecosystem strategy spanning Enco audio and OPPO Watch wearables. Closely parallels Reeder's smartphone + audio + wearable multi-sub-brand playbook with overlapping price tiers in emerging markets.
  • Infinix: Emerging-market smartphone brand with growing product portfolio including laptops and wearables. Competes directly with Reeder in Turkey and similar EMEA markets for budget-to-mid-tier Android smartphone and connected device buyers.

Broad incumbents

  • Samsung: Global leader across smartphones, TVs, laptops, wearables, and home appliances with proprietary chips, displays, and One UI. Competes with Reeder across nearly every category but at vastly larger scale with full-stack IP ownership.
  • Huawei: Global tech giant with smartphones, wearables, audio, and IoT products and proprietary HarmonyOS. Holds a multi-category consumer electronics position similar to Reeder's ambition but with substantially greater R&D resources and IP portfolio.
  • Apple: Premium smartphones, laptops, tablets, and wearables with proprietary iOS/macOS/watchOS ecosystems. Competes with Reeder's smartphone, laptop, and wearable lines, though positioned in different market tiers with vastly higher ASPs.

Emerging players

  • Dyson: Premium home appliances leader in cordless vacuums, robot vacuums, and hair care. Competes directly with Reeder's Alfreed (vacuum) and Hairee (hair dryer) sub-brands in the Turkish premium home appliance category with strong global brand recognition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Reeder social profiles

Digital presence

Reeder financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Reeder leadership team

Management profile

Number of profiles

Profiles1 record

Reeder funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Reeder M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reeder

What does Reeder do?

Reeder manufactures and sells a broad portfolio of consumer electronics and smart devices including smartphones, tablets, laptops, e-readers, wearable technology (smartwatches and smart rings), electric vehicles, audio products, and home appliances. The company operates multiple sub-brands such as Reefit, Apollo, Alfreed, Hairee, ReeV, Reemark, and Kiddo to address distinct product categories, and also distributes third-party products like Sony PlayStation consoles and Xiaomi tablets through its channels.

Is Reeder a public or private company?

Reeder is a public company. It is classified as public and is currently operating.

When was Reeder founded?

Reeder was founded in 2009. It employs 1,001 to 5,000 people.

Where is Reeder based?

Reeder is headquartered in Tekkeköy.

How does Reeder make money?

One revenue line is on record: hardware Product Sales.

Who are Reeder's main competitors?

Direct peers on record are Vestel, Xiaomi, Arçelik (Beko), Realme, OPPO and Infinix. Broad incumbents are Samsung, Huawei and Apple. Dyson is listed as an emerging player.

Does Reeder have an API?

No public API is recorded for Reeder.

What industry is Reeder in?

Reeder's product category is Consumer Electronics. Its primary akta.pro industry code is CRACALAE, Mobile Operating Systems & Firmware (Android forks, OEM UI, Feature Phone OS), with a secondary code of HDACAMAK, eReaders & ePaper Tablets. Its NAICS code is 334210 and its SIC code is 3651.

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Live signals
Investing.comTurkey shares higher at close of trade; BIST 100 up 3.64% By Investing.comTurkey equities closed higher on Monday, with the BIST 100 index gaining 3.64% to reach a new 1-month high, driven by strong performance in the Leasing Factoring, Metal Products, and Banks sectors. Market breadth was positive as advancing stocks outnumbered decliners 512 to 97 on the Istanbul Stock Exchange. Among individual movers, Gubre Fabrikalari TAS, Gen Ilac ve Saglik Urunleri Sanayi ve Ticaret AS, and Cw Enerji Muhendislik Ticaret ve Sanayi AS led the gainers, while Reeder Teknoloji Sanayi Ve Ticaret AS, Tekfen Holding AS, and Pasifik Eurasia Lojistik Dis Ticaret AS posted the largest declines.Investing.comTurkey stocks higher at close of trade; BIST 100 up 3.64% By Investing.comTurkey's BIST 100 index closed 3.64% higher on Monday, June 15, 2026, reaching a new 1-month high, with gains led by the Leasing & Factoring, Metal Products & Machinery, and Banking sectors. The best performers were Gubre Fabrikalari TAS (+9.97%), Gen Ilac ve Saglik Urunleri (+9.97%), and Cw Enerji Muhendislik (+9.01%), while the worst performers included Reeder Teknoloji (-5.87%), Tekfen Holding (-2.66%), and Pasifik Eurasia Lojistik (-2.11%). Rising stocks outnumbered declining ones by 512 to 97 on the Istanbul Stock Exchange, while gold futures rose 3.22% and crude oil fell around 5%.Investing.comTurkey shares lower at close of trade; BIST 100 down 6.05% By Investing.comTurkey equities declined sharply at the close on Thursday, with the BIST 100 falling 6.05% to hit a new 1-month low, led by losses in the banking, sports, and electricity sectors. Declining stocks outnumbered advancing ones by 592 to 30 on the Istanbul Stock Exchange. The biggest losers included Qua Granite Hayal, Sekerbank, and Reeder Teknoloji, each falling 10%, while Otokar and Europower Enerji posted modest gains.Investing.comTurkey shares lower at close of trade; BIST 100 down 1.81% By Investing.comTurkish equities declined on Tuesday with the BIST 100 index falling 1.81% at the close in Istanbul, as declining stocks outnumbered advancers 454 to 150 on the Istanbul Stock Exchange. Tekfen Holding AS rose 5.12% to 88.25 while Margun Enerji Uretim Sanayi ve Ticaret AS hit all-time highs, but Efor Yatırım Sanayi ve Ticaret A.Ş. fell 9.94% to 52-week lows and Reeder Teknoloji Sanayi Ve Ticaret AS dropped 9.47%. Commodity markets also moved, with crude oil for May delivery rising 3.53% to $91.24 per barrel.Investing.comTurkey shares lower at close of trade; BIST 100 down 0.78% By Investing.comTurkey's BIST 100 index closed down 0.78% on Wednesday, with declining stocks outnumbering advancing ones by 397 to 195 on the Istanbul Stock Exchange. Notable movers included Reeder Teknoloji Sanayi Ve Ticaret AS rising 9.88% and Efor Yatırım Sanayi ve Ticaret A.Ş. falling 9.99%, while commodity prices shifted with gold down 2.63% and Brent oil up 5.23%. Currency markets showed slight movements with USD/TRY up 0.09% and EUR/TRY up 0.18%.