Turkey stocks lower at close of trade; BIST 100 down 2.74%

Turkey's stock market experienced a decline on Thursday as losses in various sectors contributed to a downturn in the BIST 100 index. The BIST 100, which closed at its lowest point in three months, fell by 2.74%, marking a significant drop in Turkey's equity market. Among the few bright spots, Mia Teknoloji AS saw a notable gain of 9.93%, or 2.24 points, reaching 24.80 at the close.

Pasifik Teknoloji A.S. also performed well, gaining 4.46%, or 0.68 points, to close at 15.91, while Cvk Maden Isletmeleri Sanayi ve Ticaret AS increased by 3.41%, or 0.47 points, to 14.27. However, the worst performers included Odine Solutions Teknoloji Ticaret ve Sanayi AS, which plummeted 10.00%, or 33.75 points, to 303.75, and Pasifik Eurasia Lojistik Dis Ticaret AS, which declined by 9.99%, or 4.04 points, to 36.42.

Katilimevim Tasarruf Finansman AS also suffered a loss of 9.98%, or 1.62 points, to 14.62. The imbalance was clear, with falling stocks outnumbering advancing ones by 562 to 76, and 7 stocks ending unchanged. Pasifik Eurasia Lojistik Dis Ticaret AS hit 52-week lows, falling 9.99% or 4.04 points to 36.42. Gold Futures for December delivery saw a 0.76% decrease, settling at $4,285.67 per troy ounce, while crude oil for November delivery rose 4.59%, or 4.23, to $96.39 per barrel.

Brent oil futures increased by 4.72%, or 4.87, to $107.95 per barrel, and the USD/TRY pair rose marginally by 0.28% to 48.85. Similarly, the EUR/TRY pair increased by 0.08% to 55.67, with the US Dollar Index Futures climbing by 0.26% to 101.08.