Turkey stocks lower at close of trade; BIST 100 down 3.46%

Turkey stocks lower at close of trade; BIST 100 down 3.46%

Aug 16, 2018

Turkey stocks were lower after the close on Thursday, as losses in the Basic Metals, Leasing&Factoring and Metal Products&Machinery sectors led shares lower.

At the close in Istanbul, the BIST 100 lost 3.46% to hit a new 52-week low.

The best performers of the session on the BIST 100 were Dogan Sirketler Grubu Holding AS (IS:DOHOL), which rose 11.38% or 0.140 points to trade at 1.370 at the close. Meanwhile, Aygaz AS (IS:AYGAZ) added 6.82% or 0.75 points to end at 11.75 and Mavi Giyim Sanayi Ve Ticaret AS (IS:MAVI) was up 2.13% or 0.50 points to 24.00 in late trade.

The worst performers of the session were Yatas Yatak ve Yorgan Sanayi Ticaret AS (IS:YATAS), which fell 10.55% or 0.460 points to trade at 3.900 at the close. Ford Otomotiv Sanayi AS (IS:FROTO) declined 8.21% or 4.80 points to end at 53.70 and Eregli Demir ve Celik Fabrikalari TAS (IS:EREGL) was down 8.19% or 0.930 points to 10.430.

Falling stocks outnumbered advancing ones on the Istanbul Stock Exchange by 243 to 125 and 41 ended unchanged.

Gold Futures for December delivery was up 0.04% or 0.50 to $1185.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.58% or 0.38 to hit $65.39 a barrel, while the October Brent oil contract rose 0.62% or 0.44 to trade at $71.20 a barrel.

USD/TRY was down 2.64% to 5.7637, while EUR/TRY fell 1.95% to 6.5704.

The US Dollar Index Futures was down 0.16% at 96.44.

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