World Bulletin / News Desk
Turkey's benchmark stock index went down 1.25 percent to close at 116,052.15 points on Wednesday, with a total trading volume of 8.6 billion Turkish liras ($2.28 billion).
Borsa Istanbul's BIST 100 index lost 1,472.05 points, while the banking and holding sectors indices fell by 1.48 percent and 1.62 percent, respectively.
Among all sectors, the food and beverage sector index was the top performer -- up 2.50 percent -- while the insurance sector index performed the worst, declining 2.86 percent.
The stocks of pipe and tube producer Erbosan performed the best, up 4.41 percent, while the stocks of Turkish conglomerate Tekfen Holding -- involved in oil, power generation, construction and infrastructure -- suffered the most, falling 4.48 percent.
The top five most-traded stocks were electronics appliances manufacturer Vestel, automotive manufacturer Karsan Otomotiv, iron and steel producer Kardemir, national flag carrier Turkish Airlines and private lender Garanti.
On Tuesday, the BIST 100 came to its highest-ever close with an increase of 1.90 percent or 2,191.19 points, to reach 117,524.20 points. The trade volume was 8 billion Turkish liras (approximately $2.12 billion).
The U.S. dollar/Turkish lira exchange rate rose slightly on Wednesday to 3.7660 as of 5 p.m. local time (1400GMT), up from 3.7590 at Tuesday's close.
The euro/lira exchange rate also stood at 4.5320 by market close.
The BIST Gold Exchange index gained 0.38 percent in value, while the price of gold per kilogram reached 159,250 Turkish liras (around $42,309) as of 5.30 p.m. local time (1430GMT).
As of 5.30 p.m. local time (1430GMT) Wednesday, the price of Brent oil was $67.47 per barrel, versus $66.44 at the previous close.
Turkey's exports saw its second highest export volume in the republic's history with $157.1 billion in 2017, Economy Minister Nihat Zeybekci said earlier on Wednesday.
Official reserve assets slip 3.7 pct month-on-month in March
Overall index loses 2 pct, but consumer confidence up, according to official data
BIST 100 climbs 0.20 pct; USD/TRY exchange rate steady while EUR/TRY and GBP/TRY exchange rates drop
Turkish economy minister says growth will 'most likely' surpass 7 percent in first quarter of 2018
Net profit at the Frankfurt-based group fell 79 percent year-on-year to 120 million euros ($146 million).
BIST 100 index falls by over 2 percent at close, going down some 2,600 points from previous close
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