Turkey's equity market closed higher on Thursday, with the BIST 100 rising 2.82% to finish at a one-month peak. Sector advances in Leasing & Factoring, Banking and Telecoms were the primary contributors to the session's gains.
The top performers on the BIST 100 were Aksa Enerji Uretim AS (IS:AKSEN), which climbed 8.57% or 6.90 points to close at 87.40; Turk Altin Isletmeleri AS (IS:TRALT), up 8.23% or 3.94 points to finish at 51.80; and ODAS Elektrik Uretim Sanayi Ticaret AS (IS:ODAS), which gained 7.74% or 0.65 points to end the day at 9.05.
On the downside, Girisim Elektrik Taahhut Ticaret & Sanayi AS (IS:GESAN) recorded the largest loss, falling 9.99% or 7.75 points to close at 69.80. Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret AS (IS:EUPWR) dropped 9.98% or 9.30 points to finish at 83.90, while Enerya Enerji AS (IS:ENERY) declined 3.07% or 0.30 points to 9.48 at the close.
Market breadth favored advancers: rising issues outnumbered decliners on the Istanbul Stock Exchange by 443 to 158, with 23 shares unchanged at the close.
ODAS Elektrik Uretim Sanayi Ticaret AS reached a 52-week high in the session, closing at 9.05 after the 7.74% increase.
Commodities traded weaker alongside the equities move. Gold Futures for August delivery fell 2.98% or 130.78 to $4,250.62 a troy ounce. In oil markets, US crude for July delivery lost 2.73% or 2.10 to settle at $74.69 a barrel, while the August Brent contract declined 2.58% or 2.05 to trade at $77.50 a barrel.
Currency and index moves included USD/TRY rising 0.23% to 46.45 and EUR/TRY easing 0.24% to 53.31. The US Dollar Index Futures were higher by 0.55%, trading at 100.42.
Market snapshot:
- BIST 100 - up 2.82% to a one-month high
- Leading gainers included AKSEN, TRALT and ODAS
- Notable declines from GESAN, EUPWR and ENERY
- Gold and crude oil futures declined; the US dollar gained