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Turkish stocks down 5.54% at Monday’s close

BIST 100 loses over 6,000 points from previous close after oil shock

Turkey’s benchmark stock index closed the day at 103,524.02 points on Monday, down 5.54% from the previous close.

Borsa Istanbul’s BIST 100 index started the day at 106,539.89 points. As of daily close, it lost 6,076.51 points from Friday’s close of 109,600.53 points.

Analysts said global markets started the new week with concerns about the negative impact of the sharp drop in oil prices and the ongoing coronavirus outbreak.

During the day, it hovered between 104,909.79 points and 106,585.36 points.

The total market value of the BIST 100 was around 719 billion Turkish liras ($118 billion) by market close, with a daily trading volume of 8.3 billion Turkish liras ($1.3 billion).

On the first day of the week, three stocks on the index rose and 97 were down compared to Friday.

The highest trading volumes were posted by national flag carrier Turkish Airlines, defense giant Aselsan, and private lender Garanti Bank.

A petrol company Turcas was the worst performer conglomerate with its shares down 14.46%.

The price of one ounce of gold was $1,667.35 by market close, up from $1,680.40 at the previous close, according to data from Borsa Istanbul’s Precious Metals and Diamond Markets.

The price of Brent crude oil was around $36.72 per barrel as of 6 p.m. (1500GMT) on Monday.

Exchange Rate Friday Monday
USD/TRY 6.1070 6.1170
EUR/TRY 6.9130 6.9920
GBP/TRY 7.9420 8.0310

Source
Anadolu Agency
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