Turkey stocks lower at close of trade; BIST 100 down 2.40%

On Tuesday, after the close of trading in Istanbul, Turkey's BIST 100 index experienced a decline of 2.40%, marking a new six-month low. The main reasons for the decline were losses in the sectors of Leasing & Factoring, Technology, and Metal Products & Machinery. Among the top gainers of the session, Aksa Enerji Uretim AS saw a rise of 3.70% to 74.25, Grainturk Holding AS increased by 3.25% to 127.00, and Enerya Enerji AS climbed by 2.99% to 13.08.

Conversely, Margun Enerji Uretim Sanayi ve Ticaret AS, Astor Enerji AS, and Tekfen Holding AS recorded the worst performances, falling by 10.00%, 9.99%, and 9.99% respectively. The number of stocks that fell surpassed those that rose on the Istanbul Stock Exchange by a significant margin of 466 to 159, with 20 stocks ending unchanged.

Notably, Margun Enerji Uretim Sanayi ve Ticaret AS shares reached their 52-week lows, with a drop of 10.00% to 13.05. Gold Futures for December delivery saw a gain of 0.39% to $4,184.84 per troy ounce, while Crude oil for November delivery decreased by 1.26% to $91.43 per barrel, and December Brent oil futures fell by 0.96% to $96.89 per barrel.

The exchange rates of USD/TRY and EUR/TRY also fluctuated, with USD/TRY rising by 0.06% to 49.00 and EUR/TRY falling by 0.31% to 55.56. Additionally, the US Dollar Index Futures increased by 0.32% to 101.25.