Turkiye's Borsa Istanbul closes Monday lower

ISTANBUL

Turkiye's benchmark stock index closed Monday at 2,001.94 points, down 2.39% from the previous close.

Starting the day at 2,018.97 points, Borsa Istanbul's BIST 100 index lost 49.11 points from Friday's close of 2,051.05 points.

During Monday's trading, the BIST 100 hovered between 1,971.11 points and 2,026.90 points.

While seven stocks on the index rose, 93 fell, compared to Friday's close.

Closing the day with a market value of nearly 1.6 trillion Turkish liras ($118 billion), the benchmark index posted a daily trading volume of 34 billion Turkish liras ($2.5 billion).

National flag carrier Turkish Airlines, defense company Aselsan, and private lender Yapi Kredi recorded the highest trading volumes during the day.

Stocks of renewable energy company Aydem was the top gainer with a 9.94% rise, while shares of stocks of software and information technology firm ARD Bilisim suffered the most, dropping 6.44%.

One ounce of gold traded for $1,845 by market close, up from $1,831.50 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent crude oil was around $94.18 per barrel as of 6.44 p.m. local time (1544GMT) with a daily loss of 0.3%.