Turkey's benchmark stock index ended Thursday down 0.57% to close at 109,155.41 points.

Starting the day at 109,150.34 points, Borsa Istanbul's BIST 100 index fell 623.53 points from 109,778.94 points at the midweek close.

During Thursday's trading, the BIST 100 hovered between 108,745.00 points and 110,158.45 points -- 36 stocks on the index rose, 59 fell, and five were flat compared to the previous close.

Closing the day with a market value of nearly 782.7 billion Turkish liras ($115.5 billion), the benchmark index posted a daily trading volume of 16.1 billion Turkish liras ($2.4 billion).

Shares of real estate investment trust Emlak Konut GYO, private lender Garanti BBVA, and defense company Aselsan saw the highest trading volumes during the day.

Stocks of Cement producer Akcansa were the top gainer with a 7.64% rise, while shares of Celebi Hava Servisi, which provides integrated ground services at airports, dropped the most, falling 3.25%.

One ounce of gold sold for $1,730.00 by market close, up from $1,724.60 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent oil was $38.73 per barrel as of 6 p.m. local time (1500GMT) on Thursday, with a daily range of $38.64 to $41.38

At the beginning of 2020, a barrel of Brent oil sold for around $58.