Turkish equities closed lower on Monday, with the BIST 100 index declining 0.09% in Istanbul amid broad weakness in technology, information technology and telecommunications shares. Advancing issues outnumbered decliners by 343 to 271, with 28 stocks unchanged.
Three stocks led gains in the index. Pasifik Teknoloji A.S. surged 9.98% to 22.04 lira, Borusan Birleşik Boru Fabrikaları Sanayi Ve Ticaret AS added 9.05% to 753.00 lira, and Pasifik Eurasia Lojistik rose 8.75% to 220.00 lira, marking a record high. On the downside, Odine Solutions Teknoloji Ticaret ve Sanayi AS fell 9.99% to 1,856.00 lira, Katilimevim Tasarruf Finansman AS dropped 7.72% to 58.60 lira, and Balsu Gida Sanayi ve Ticaret AS declined 5.35% to 10.79 lira.
The Turkish lira strengthened modestly against major currencies. The USD/TRY pair rose 0.10% to 48.08, while the EUR/TRY advanced 0.06% to 56.16. The U.S. Dollar Index futures fell 0.13% to 98.86.
Commodities showed divergent moves. December gold futures gained 1.13%, closing at $4,733.35 per troy ounce. October West Texas Intermediate crude fell 2.92% to $84.52 per barrel, while November Brent crude futures declined 2.53% to $90.33 per barrel.
