Turkey’s benchmark stock index dropped 1.04% or 1,195.73 points on Thursday to start the day at 113,975.54 points.

At Wednesday’s close, Borsa Istanbul’s BIST 100 index went up 0.71% to 115,171.27 points with a daily trading volume of 14.9 billion Turkish liras ($2.4 billion).

The U.S. dollar/Turkish lira exchange rate stood at 6.1670 as of 9.30 a.m. local time (0630GMT) on Thursday, down from Wednesday’s closing rate of 6.1580.

The euro/Turkish lira exchange rate rose to 6,7310 versus 6.6950, and one British pound was traded for 7.9940 Turkish liras. It was 7.9860 at the previous close.

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Read more: Turkish stocks down at Thursday's open