Turkey’s benchmark stock index closed the day at 103,524.02 points on Monday, down 5.54% from the previous close.

Borsa Istanbul’s BIST 100 index started the day at 106,539.89 points. As of daily close, it lost 6,076.51 points from Friday’s close of 109,600.53 points.

Analysts said global markets started the new week with concerns about the negative impact of the sharp drop in oil prices and the ongoing coronavirus outbreak.

During the day, it hovered between 104,909.79 points and 106,585.36 points.

The total market value of the BIST 100 was around 719 billion Turkish liras ($118 billion) by market close,

Read more: Turkish stocks down 5.54% at Monday's close