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Turkish Stocks Decline as BIST 100 Index Ends Friday Session Down 1.67%
Turkey's benchmark stock index, the BIST 100, concluded Friday's trading session with a significant loss, falling 1.67% amid widespread selling pressure. The decline was driven by notable weakness in the Leasing & Factoring, Information Technology, and Wood, Paper & Printing sectors, according to market data from Investing.com.
Broad-Based Sell-Off
The negative sentiment was evident across the Istanbul Stock Exchange, where declining stocks overwhelmingly outnumbered advancers. Market data showed 564 stocks fell compared to just 75 that gained, while 4 remained unchanged, indicating a broad-based retreat for equities.
The session's worst performers saw steep declines, with several hitting new lows. Key movers included:
- Ral Yatirim Holding AS (RALYH), which dropped 10.00%.
- Baticim Cimento Sanayi AS (BSOKE), which also fell 10.00% to a 52-week low.
- Kiler Holding AS (KLRHO), which declined 9.99% and also reached a 52-week low.
AdOutliers and Currency Moves
Despite the market's downward trend, a few companies posted strong gains. Europower Enerji (EUPWR) was a top performer, surging 9.96%. It was joined by Efor Yatırım Sanayi (EFOR), which added 6.65%, and Gubre Fabrikalari (GUBRF), which rose 3.32%.
In the currency markets, the Turkish Lira weakened against the U.S. dollar. The USD/TRY pair increased by 0.75% to trade at 48.79. Meanwhile, the U.S. Dollar Index Futures, which measures the greenback against a basket of other major currencies, edged up 0.10% to 100.08.
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