Turkish stocks post losses at Wednesday close

ANKARA

Turkiye's benchmark stock index Borsa Istanbul close Wednesday with losses, down 0.26% to 2,183.10 points.

Starting the day at 2,198.89 points, BIST 100 index fell 5.71 points from Tuesday's close of 2,188.81 points.

During Wednesday's trading, the BIST 100 hovered between 2,170.41 and 2,203.66 points – 39 stocks on the index rose, 54 fell, and seven were flat compared to the previous close.

Closing the day with a market value of around 1.8 trillion Turkish liras ($120 billion), the benchmark index posted a daily trading volume of 33 billion Turkish liras ($2.2 billion).

Shares of private lender Garanti BBVA, national flag carrier Turkish Airlines and iron/steel producer Kardemir posted the highest trading volumes on Wednesday.

Electronic appliances retailer Teknosa was the best performer with its shares up 6.19%, while shares of conglomerate Dogan Holding dropped the most, 9.07%.

One ounce of gold traded for $1,940.00 by market close, up from $1,933.35 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

Price of Brent crude oil jumped to $121.81 per barrel as of 6.02 p.m. local time (1502GMT) on Wednesday, up 5.48% from the previous close.