World Bulletin / News Desk
Turkey's benchmark stock index closed Thursday down 412.62 points to stand at 110,010.49 points, before going into four-and-a-half-day break for the Islamic holiday of Eid Al-Adha.
Borsa Istanbul's BIST 100 index started the day flat with a 0.05 percent hike to open at 110.482,17 points, after posting its highest close on Tuesday.
After profit takings, the BIST 100 fell 0.37 percent, compared to 110,423.11 points of Tuesday's close, since there were no transactions on Wednesday due to Turkey’s official Victory Day holiday.
Total trading volume of the benchmark index was two billion Turkish liras (some 577 million) -- a relatively low level compared to recent weeks' volume. The stock exchange market will open next Tuesday, Sept. 5.
During the half-day transactions, the banking and holding sector indexes were down 0.82 and 0.28 percent respectively.
Among all sectors, the BIST sports index performed the best -- up 2.98 percent -- while the mining sector index dropped 1.33 percent, the largest decline of Thursday.
Shares of Galatasaray Sportif, a major Turkish sports club, enjoyed the biggest rise of the day with a 13.13 percent increase and stocks of food giant Ulker Biskuvi fell most, going down 2.27 percent.
The BIST 100's most-traded stocks were Galatasaray Sportif, telecommunication company Turkcell, national flag carrier Turkish Airlines, private lender Garanti and oil refiner TUPRAS.
Since the beginning of this year, the BIST 100 has risen 41.5 percent, compared to a close of 77,754.46 points on Jan. 2.
Meanwhile, the U.S. dollar/Turkish lira exchange rate stood at 3.4620 by 2 p.m. local time (1100GMT) Thursday, compared with 3.4520 at Wednesday's close.
One dollar was exchanged for 3.4590 Turkish liras last Friday. The dollar-lira rate saw its historic high in mid-January this year, climbing to around 3.94.
Policy rate, also known as one-week repo rate, remains same at 8 percent; lending rate rises 0.75 percent points
BIST 100 increases 0.29 percent; US dollar/Turkish lira exchange rate stands at 4.0850
Local units operating in manufacturing industry work at 77.3 pct capacity in April, says Central Bank
Public sector net borrowing falls by 3.5 billion pounds in 2017-18 financial year, says Office of National Statistics
Indices for service, retail trade, construction sectors fall in current month compared with March: Official data
Data monitoring company IHS Markit also flagged a slight slowdown in France, where strikes were interrupting a resurgent boom on the back of government reforms.
Treasury reports central government debt stock in March rises around 15 pct year-on-year, reaching nearly $235 billion
Sales to foreigners amounted to 1,827, 15.8 pct rise year-on-year, according to official report
BIST 100 slips 0.15 percent; US dollar/Turkish lira exchange rate stands at 4.0460
BIST 100 rises 0.01 percent; US dollar/Turkish lira exchange rate drops to 4.0250
Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.
The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.
Turkey's assets abroad go up 2.4 percent at end of February 2018, compared to end of 2017: Turkish Central Bank
BIST 100 decreases 0.12 percent; US dollar/Turkish lira exchange rate stands at 4.1020
Hong Kong and China ended down after fluctuating through the morning on data showing the world's number two economy expanded in January-March at the same rate as the previous three months.