Turkey’s BIST 100 index retreated 0.19% at Tuesday’s close, extending losses from the prior session as heavyweight energy and materials stocks weighed on the market. Declining issues outnumbered advancers by 419 to 201, with 22 stocks unchanged.
Chemicals, petroleum and plastics, textile and leather, and industrial sectors recorded the steepest losses. Financial services and technology names were among the few bright spots, with Destek Finans Faktoring, Odine Solutions and Katilimevim Tasarruf Finansman posting gains of 6.82%, 6.14% and 5.80%, respectively.
On the downside, refiners and miners led declines. Turkiye Petrol Rafinerileri fell 6.68%, Anadolu Metal Madencilik dropped 5.51% and Margun Enerji Uretim slid 5.28%. The BIST 100’s losses came as global oil benchmarks retreated, with WTI crude down 3.33% to $82.18 per barrel and Brent down 3.31% to $87.54 per barrel.
The Turkish lira strengthened modestly, with the USD/TRY rate up 0.06% at 48.10 and the EUR/TRY rate rising 0.11% to 56.17. The U.S. Dollar Index futures were little changed, up 0.04% at 98.89.
Gold futures for December delivery were flat, up 0.01% at $4,698.44 per troy ounce.
