The BIST 100 index fell more than 6% at 6:54 GMT, to pause trading for a while, and it was the biggest drop since early February.
The decline was led by the banking sector, which lost almost 10%, and shares of “Kush Holding”, “BAM” and “Torbas” pushed the main index down sharply.
turkish lira
The Turkish lira was also in the red zone, as it fell to its lowest level in two months, at 19.70 against the dollar, before recovering some of its losses and reaching 19.65, heading towards recording its worst session since early November.
This was not far from the level of 19.80 the currency had recorded after the bloody earthquake that hit the country in early March.
Election developments
Turkey’s presidential election is heading for a decisive second round between current President Recep Tayyip Erdogan and his rival Kilicdaroglu.
After counting 99.96% of the votes, Erdogan won 49.25%, while his opponent won 45.06%, according to the Turkish news agency “Anatolia”.
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