Turkey stocks higher at close of trade; BIST 100 up 2.95%

Turkey's stock market continued its upward trend on Thursday, with BIST 100 closing 2.95% higher. The Banking, Transport and Telecoms sectors were the biggest contributors to the rally. Mavi Giyim Sanayi Ve Ticaret AS led the pack, surging 9.97% to close at 37.72. Yapi ve Kredi Bankasi AS also performed well, up 9.96% to 35.32, while Tekfen Holding AS hit all-time highs, rising 9.93% to 258.00.

However, not all stocks were winners. Girisim Elektrik Taahhut Ticaret & Sanayi AS dropped 10.00% to 48.06, while Isiklar Enerji ve Yapi Holding AS fell 10.00% to 186.30, and Gulermak Agir Sanayi Insaat ve Taahhut AS declined 10.00% to 137.70. The Istanbul Stock Exchange saw more falling stocks than rising ones, with 402 down and 227 up, with 16 ending unchanged.

Tekfen Holding AS reached new heights, while Gulermak Agir Sanayi Insaat ve Taahhut AS hit 52-week lows. Gold Futures for December delivery rose 0.25% to $4,398.25, while crude oil for October fell 1.55% to $100.84, and November Brent oil fell 2.16% to $103.54. The USD/TRY exchange rate was up 0.04% to 48.67, and EUR/TRY increased 0.33% to 56.00. US Dollar Index Futures dipped 0.03% to 99.95.