Turkey's BIST 100 Index Ends Lower by 0.49%

BIST 100 Index Declines at Friday's Close

The BIST 100, Istanbul's main stock index, concluded Friday's trading session with a 0.49% loss. The decline reflects broad-based downward pressure across several key sectors, signaling a negative close for the week.

Sector Performance Overview

The market's downward trend was primarily driven by significant losses in the Holdings & Investments, Telecoms, and Sports sectors. On the Istanbul Stock Exchange, declining stocks outnumbered advancing ones by a margin of 346 to 248, while 18 stocks ended the session unchanged.

Key Stock Movements

Among the session's worst performers were Kiler Holding AS (KLRHO), which fell 8.20%, and Kontrolmatik Teknoloji (KONTR), which declined by 5.38%. In contrast, Grainturk Holding AS (GRTHO) emerged as a top gainer, rising 5.53%. Borusan Birlesik Boru (BRSAN) also performed well, adding 4.78% to reach a new 52-week high.

Market Summary

While the equity market saw a downturn, commodity prices showed strength, with both crude oil and gold futures trading higher. In currency markets, the Turkish Lira weakened slightly against both the US Dollar and the Euro, with the USD/TRY pair up 0.20%.

FAQ

FAQ
Q: How much did the BIST 100 index fall?
A: The BIST 100 index declined by 0.49% at the close of trade on Friday.
Q: Which sectors led the decline in the Turkish market?
A: The primary sectors leading the losses were Holdings & Investments, Telecoms, and Sports.

Source: Investing.com