Turkey stocks higher at close of trade; BIST 100 up 0.40%

On Monday evening, Turkey's stock market saw an increase, with the BIST 100 index rising by 0.40%. The Telecoms, Transport, and Wholesale & Retail Trade sectors drove the upward movement. Among the top gainers were Balsu Gida Sanayi ve Ticaret AS, which surged 9.90% to 6.88, Tukas Gida Sanayi ve Ticaret AS, up 9.78% to 2.02, and Mavi Giyim Sanayi Ve Ticaret AS, climbing 6.92% to 37.40.

Conversely, Ral Yatirim Holding AS saw the steepest decline, falling 10.00% to 178.20, while Baticim Cimento Sanayi AS and Margun Enerji Uretim Sanayi ve Ticaret AS both dipped 9.99%. The Istanbul Stock Exchange had more stocks decline than gain, with 515 outperformers versus 121 underperformers, and 10 ending flat. Baticim Cimento Sanayi AS reached its 52-week low, dropping 9.99% to 12.88.

Commodity markets also experienced fluctuations, with Gold Futures for December down 0.78% to $4,390.51, crude oil falling 4.01% to $92.23 a barrel, and Brent oil slipping 3.54% to $100.19. USD/TRY rose marginally to 48.80, while EUR/TRY fell slightly to 56.01. The US Dollar Index Futures went up by 0.19% to 100.12.