Turkey stocks lower at close of trade; BIST 100 down 1.96%

Turkey stocks lower at close of trade; BIST 100 down 1.96%

Mar 26, 2019

Turkey stocks were lower after the close on Tuesday, as losses in the Transport, Metal Products&Machinery and Holdings&Investments sectors led shares lower.

At the close in Istanbul, the BIST 100 fell 1.96% to hit a new 1-month low.

The best performers of the session on the BIST 100 were Metro Ticari ve Mali Yatirimlar Holding AS (IS:METRO), which rose 5.48% or 0.040 points to trade at 0.770 at the close. Meanwhile, Netas Telekomunikasyon AS (IS:NETAS) added 3.28% or 0.27 points to end at 8.49 and Turk Traktor ve Ziraat Makineleri AS (IS:TTRAK) was up 3.17% or 1.00 points to 32.50 in late trade.

The worst performers of the session were Vestel Elektronik Sanayi ve Ticaret AS (IS:VESTL), which fell 9.52% or 1.380 points to trade at 13.120 at the close. Albaraka Turk Katilim Bankasi AS (IS:ALBRK) declined 7.78% or 0.140 points to end at 1.660 and Tofas Turk Otomobil Fabrikasi AS (IS:TOASO) was down 5.25% or 0.96 points to 17.32.

Falling stocks outnumbered advancing ones on the Istanbul Stock Exchange by 256 to 109 and 42 ended unchanged.

Gold Futures for June delivery was down 0.65% or 8.65 to $1320.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.99% or 1.17 to hit $59.99 a barrel, while the June Brent oil contract rose 1.00% or 0.67 to trade at $67.48 a barrel.

USD/TRY was down 1.18% to 5.4839, while EUR/TRY fell 1.44% to 6.1864.

The US Dollar Index Futures was up 0.13% at 96.197.

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