Turkish Stocks Slide Nearly 3% as Every Sector Falls
The benchmark ended lower as all sector indexes fell, with traders looking ahead to a central bank decision and overseas data.
Key takeaways
- The BIST 100 fell about 2.9% on Friday.
- All sector indexes declined, led by a 5.72% drop in financial leasing and factoring.
The BIST 100 fell about 2.9% on Friday, though reports gave slightly different closing figures. Bloomberg HT reported a close of 11,722.46, down 2.88%; Borsa Gündem put the close at 11,721.72, down 2.89%.
Trading volume totaled 116.2 billion lira, Borsa Gündem reported. All sector indexes fell, with financial leasing and factoring down 5.72%, the steepest decline, according to Dünya and Borsa Gündem. Banking stocks lost 1.87% and holding companies fell 2.46%.
The October BIST 30 futures contract on VİOP fell 3.03% to 14,714 points in the regular session, Borsa Gündem reported.
Analysts said markets would watch next week’s Turkish central bank rate decision, global purchasing managers’ index data, inflation figures from Britain and Japan, and China’s growth data.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
