Turkey Stocks Higher at Close of Trade; BIST 100 Up 0.76%
By Investing.com
On Monday, Turkey's stock market concluded the trading session on a positive note, with the BIST 100 index gaining 0.76% in Istanbul. This increase was supported by strong performances in various sectors.
Top Performers
Leading the gains were:
- Yeo Teknoloji Enerji ve Endustri AS, which surged 9.97% or 17.00 points, closing at 187.50.
- Agrotech Yüksek Teknoloji ve Yatırım AS rose by 7.17% or 1.18 points, ending at 17.63.
- Mavi Giyim Sanayi ve Ticaret AS was up 6.77% or 7.10 points, finishing at 112.00 in late trade. This marked an all-time high for Mavi Giyim.
Worst Performers
However, not all stocks had a good day. The following were the biggest declines:
- Aksa Enerji Üretim AS fell 7.15% or 3.44 points, trading at 44.70 at the close.
- Konya Cimento Sanayi AS dropped 4.67% or 395.00 points, ending at 8,055.00.
- Is Yatirim Menkul Degerler AS decreased by 3.32% or 1.18 points, finishing at 34.40.
Across the Istanbul Stock Exchange, falling stocks outnumbered advanced stocks.
Commodities and Currency
Gold Futures for August delivery fell 0.94% or 22.05, ending at $2,327.05 a troy ounce. Conversely, Crude oil for August delivery increased by 1.10% or 0.86, reaching $78.91 a barrel. Similarly, the August Brent oil contract was up 0.99% or 0.82, finishing at $83.44 a barrel.
In currency markets:
- USD/TRY rose 0.65% to 32.84.
- EUR/TRY climbed 0.36% to 35.21.
- The US Dollar Index Futures fell slightly by 0.06%, at 105.11.
Conclusion
The overall market sentiment in Turkey was positive, with the BIST 100 seeing notable gains thanks to strong performances from key stocks. However, some sectors faced significant declines. The mixed movement in commodity prices and currency rates further highlighted the day's varied economic dynamics.
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