Turkish Stocks Fall as BIST 100 Closes Down 2.17%

BIST 100 Index Declines on Broad Sector Weakness

The BIST 100, Turkey's main stock index, concluded Thursday's trading session with a significant loss, falling 2.17%. The decline was primarily driven by poor performance in the Technology, Electricity, and Banking sectors, reflecting widespread negative sentiment in the Istanbul market.

Market Performance Overview

At the close of trading in Istanbul, sellers clearly controlled the market, with 429 stocks declining compared to only 169 advancers, while 15 remained unchanged. The broad-based losses indicate a challenging session for investors across multiple industries.

Key Stock Movements

Among the session's worst performers were Kiler Holding AS (KLRHO), which dropped 6.53%, and Tekfen Holding AS (TKFEN), declining 6.09%. In contrast, Efor Yatırım Sanayi ve Ticaret A.Ş. (EFOR) stood out as a top performer, surging 10.00%, followed by Dap Gayrimenkul Gelistirme AS (DAPGM), which added 9.95%.

Concluding Summary

The downturn in Turkish equities occurred alongside declines in global commodity markets, with both Crude Oil and Gold Futures trading lower. In currency markets, the USD/TRY and EUR/TRY pairs saw minor increases, indicating slight pressure on the Turkish Lira. Investors will be watching to see if this negative trend continues.

FAQ

Q: How much did the BIST 100 index fall?
A: The BIST 100 index fell by 2.17% at the close of trade on Thursday.

Q: Which sectors led the decline in the Turkish market?
A: The Technology, Electricity, and Banking sectors were the primary drivers of the market's decline.

Source: Investing.com