Turkey stocks lower at close of trade; BIST 100 down 0.03%

Turkey's stock market closed lower on Tuesday, with the BIST 100 dropping 0.03%, according to Reuters. The Information Technology, Technology, and Metal Products & Machinery sectors were the main contributors to the decline in stock prices. The BIST 100's top gainers included Pasifik Eurasia Lojistik Dis Ticaret AS, which surged 9.82% to 180.10, Katilimevim Tasarruf Finansman AS, adding 9.43% to 58.00, and BIM Birlesik Magazalar AS, rising 6.02% to 405.00.

Conversely, Kiler Holding AS saw the biggest loss, falling 7.50% to 67.20, while Odine Solutions Teknoloji Ticaret ve Sanayi AS and Dap Gayrimenkul Gelistirme AS also ended the day lower. The Istanbul Stock Exchange experienced more falling stocks than advancing ones, with 418 stocks declining compared to 198 that rose, and 22 remaining unchanged.

Among the stocks that fell to their 52-week lows was Dap Gayrimenkul Gelistirme AS, which dropped 5.61% to 8.08. Commodity markets also saw some movement, with Gold Futures down 1.40% to $4,410.92 per troy ounce, while Crude oil for October delivery increased by 1.28% to $84.81 per barrel and Brent oil rose 1.01% to $91.79 per barrel.

USD/TRY rose slightly to 47.92, and EUR/TRY increased marginally to 55.53. The US Dollar Index Futures remained unchanged at 99.54.