Turkey's main stock index finished lower on Thursday, with the BIST 100 closing down 0.77% as sector losses outweighed gains across the market.
Sectors that contributed most to the downward pressure were Metal Products & Machinery, Information Technology and Leasing & Factoring, according to the session's performance. Market breadth showed more stocks falling than rising, with 411 decliners compared with 216 advancers and 20 stocks finishing unchanged on the Istanbul exchange.
Top winners
Among the top performers on the BIST 100, Katilimevim Tasarruf Finansman AS (IS:KTLEV) led gains, jumping 9.99% - an increase of 3.80 points - to close at 41.82. Grainturk Holding AS (IS:GRTHO) rose 9.97%, adding 19.90 points to finish at 219.40. Pasifik Teknoloji A.S. (IS:PATEK) also posted a strong advance, up 9.95% or 2.08 points to end the session at 22.98.
Largest decliners
On the downside, Odine Solutions Teknoloji Ticaret ve Sanayi AS (IS:ODINE) recorded the steepest drop, down 9.96% or 96.00 points to close at 868.00. Pasifik Eurasia Lojistik Dis Ticaret AS (IS:PASEU) fell 9.95%, a loss of 11.50 points, to finish at 104.10. Property developer Emlak Konut Gayrimenkul Yatirim Ortakligi AS (IS:EKGYO) declined 7.47%, or 1.68 points, ending the day at 20.80.
Commodities and FX moves
Commodities moved unevenly during the session. Gold futures for December delivery were down 1.10%, a fall of 48.86, to trade at 4,411.84 per troy ounce. Crude oil contracts strengthened: October delivery rose 4.59% or 4.41 to $100.46 a barrel, while the November Brent contract increased 4.71% or 4.77 to $105.98 a barrel.
Currency markets showed modest changes against the Turkish lira. The USD/TRY rate was up 0.04% at 48.49, and EUR/TRY rose 0.16% to 56.53. The US Dollar Index Futures was higher by 0.09%, trading at 98.90 at the time referenced in the session.
Overall, the trading day was marked by a larger number of declining stocks and notable single-stock volatility, while commodities and FX exhibited mixed directional moves that coincided with the market's downbeat close.