Turkey's equity benchmark ended the trading day in negative territory, with the BIST 100 declining 0.86% at the close in Istanbul as several cyclical sectors lost ground.
Sector-level weakness in Chemical, Petroleum & Plastic, Electricity and Industrials stocks was cited as the primary driver behind the session's decline, leaving the index lower at the end of the day.
Top and bottom movers
- Top performers: Girisim Elektrik Taahhut Ticaret & Sanayi AS (IS:GESAN) led gains, rising 9.97% - up 7.90 points to finish at 87.15. Dap Gayrimenkul Gelistirme AS (IS:DAPGM) added 7.27% (0.80 points) to close at 11.80, and Ral Yatirim Holding AS (IS:RALYH) gained 4.68% (10.90 points) to end at 244.00.
- Lagging names: Margun Enerji Uretim Sanayi ve Ticaret AS (IS:MAGEN) posted the steepest drop, down 9.96% or 4.56 points to 41.22. Hektas Ticaret TAS (IS:HEKTS) fell 9.91% (0.42 points) to 3.82, while Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS (IS:BRSAN) declined 7.21% (46.50 points) to 598.00.
Girisim Elektrik's late-session advance pushed its share price to a 52-week high, closing at 87.15 after the 9.97% rise.
Market breadth and participation
Decliners outnumbered advancers on the Istanbul Stock Exchange by a wide margin - 442 stocks fell versus 169 that rose, while 12 issues finished unchanged. The breadth indicated broad selling pressure across multiple sectors.
Commodities and energy
Commodities traded lower on the session. Gold futures for August delivery fell 1.43% - down $62.60 - to $4,300.80 a troy ounce. In energy markets, U.S. crude oil for July delivery dropped 3.92% (a decline of $3.58) to $87.72 a barrel, and the August Brent contract fell 3.43% (down $3.23) to $91.02 a barrel.
Foreign exchange and dollar index
On the currency front, USD/TRY was slightly stronger, up 0.05% to 46.12, while EUR/TRY rose 0.24% to 53.35. The US Dollar Index Futures moved lower on the day, trading down 0.18% at 99.84.
Summary
Tuesday's session closed with the BIST 100 lower, led by sectoral retreats in chemical, petroleum & plastic, electricity and industrials names. While a handful of stocks posted double-digit percentage moves to the upside, more stocks fell than rose and commodity prices, notably crude and gold, moved downward.
Data points in this report reflect prices and percentage changes at the close of trade on the referenced trading day.