ANKARA (AA) – Turkey’s benchmark index was down 0.28 percent at the close of the daily session Wednesday.
The BIST 100 index fell 210.29 points to close at 73,995.20. The total trading volume of the country’s stock exchange market was 3.1 billion Turkish liras (approx. $905 million).
On the third trading day of the week, the banking and holding sector indices declined 1.26 and 0.42 percent, respectively.
Among sector indices, the insurance sector index rose the most — by 3.86 percent — while the mining sector was the worst performer with a drop of 2.75 percent.
The most heavily traded stocks were private lender Garanti Bank, national flag carrier Turkish Airlines, state lender Halkbank plus lenders Akbank and Is Bankasi.
Shares of Logo, software producer, were the top percent gainer with an increase of 4.77 percent in value, while Ihlas Holding was the top percent loser as its shares were down 6.67 percent.
The Borsa Istanbul Gold Exchange index declined 0.09 percent in value, with gold trading at 130,880 Turkish liras (some $38,226) per kilogram.
The U.S. dollar/Turkish lira exchange rate decreased slightly to stand at 3.4240 at 5 p.m. (1400GMT), compared to 3.4310 at Tuesday’s close.
Brent oil price surpassed $50 for the first time in a month, influenced by anticipation surrounding OPEC’s meeting in Vienna Wednesday.
According to Turkish Statistical Institute data released Wednesday, Turkey’s trade deficit widened in October as exports fell 3 percent year-on-year, while imports rose 0.5 percent over the same period.
Analysts said investors would follow the manufacturing industry indices of Turkey and other countries set to be revealed Thursday.
