Middle East Stock Market Closing Report | Turkish stock market surged and then retreated on the U.S. non-farm payroll day, falling over 4.9% this week, with the banking sector down over 7.4%

On Friday (September 5), the Istanbul Stock Exchange National 100 Index closed down 0.92% at 10,729.49 points. After the release of the U.S. non-farm payroll report, it briefly surged significantly at the beginning of U.S. stock trading, with a cumulative decline of 4.95% for the week. On Tuesday, there was a short-term plunge, following a period of high-level consolidation and subsequently a period of low-level fluctuations.

The Istanbul Stock Exchange Bank Index closed up 0.47% at 15,013.30 points, with a cumulative decline of 7.42% for the week.

The Turkish lira opened lower against the U.S. dollar, crawling throughout the day at a daily low of 41.2639 lira, with a cumulative decline of 0.27% so far this week