Turkey’s equity market ended the trading day in positive territory, with the BIST 100 index up 3.73% at the close in Istanbul. Sector gains were concentrated in Metal Products & Machinery, Basic Metals and Technology, which collectively pushed the headline index higher.
Top movers
- Reeder Teknoloji Sanayi Ve Ticaret AS (IS:REEDR) rose 10.00% - an increase of 0.58 points - to finish at 6.38.
- Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS (IS:BRSAN) gained 9.96%, adding 49.50 points to close at 546.50.
- Turk Altin Isletmeleri AS (IS:TRALT) advanced 9.92% or 5.00 points to end the session at 55.40.
Largest decliners
- Pasifik Eurasia Lojistik Dis Ticaret AS (IS:PASEU) fell 7.23%, a drop of 9.20 points, to close at 118.00.
- Kiler Holding AS (IS:KLRHO) declined 1.45%, down 2.40 points to 163.00.
- Sok Marketler (IS:SOKM) slipped 0.93%, or 0.55 points, ending at 58.60.
Market breadth favored advancers by a wide margin: 556 shares rose, 56 fell and 4 finished unchanged on the Istanbul Stock Exchange.
Commodities and fixed income-linked futures
Gold Futures for April delivery climbed 2.73%, gaining 139.16 to trade at $5,242.86 a troy ounce. In energy markets, April delivery crude oil dropped 11.33% or 10.74 to $84.03 a barrel, while the May Brent contract fell 10.71% or 10.60 to trade at $88.36 a barrel.
Foreign exchange and the dollar
The Turkish lira was largely unchanged at the close versus the dollar - USD/TRY moved 0.01% to 44.04. EUR/TRY rose 0.10% to 51.35. The US Dollar Index Futures declined 0.57% to 98.61.
Investor resources
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Final note - The trading session ended with notable strength in metals and technology names, a sharply higher gold futures price, and significant declines in crude oil benchmarks, while currency moves were relatively muted at the close.