Commodity index investors, blamed for record oil prices, sold $39 billion worth of oil futures between their July record and Sept. 2, causing crude to plunge, according to a report to be released today. [Read more]

ISE-100 closed the morning session down participating the european stocks’ decline amid the bad lehman news. ISE-100 closed ar 39669 points down 454 points, 1,13%. Dolar is trading 0,49% percent higher at 1,2365, and Euro is 0,52% high trading at 1,7415 against turkish lira.

ISE-100’s blue-chips are hurt with Garanti losing 3,03%, Akbank losing 2,27%, Isbank losing 5,65% and Turkcell losing 3,13%.

U.S. stocks tumbled as a 45 percent drop in Lehman Brothers Holdings Inc. shook the banking industry, and oil’s plunge to a five-month low pushed energy companies down by the most in six years. [Read more]

The freefall on oil prices are fueling airlines stocks all around the world and Turkish Airlines is having its share of joy. Fueled with Bosnian airlines and austria air news, THY is on fire recent days. [Read more]

It has been a unstable day. Stocks started the day with losses, later they posted gains nearing 1%, but near the closing bell ISE-100 closed the day down 0,97%, closing at 41124, just above the critical 41000 level.

Turkish lira posted slight losses against dolar, and gained against euro. Recently, Dolar was trading at 1,2265 and euro was trading 1,7285 against the Turkish lira.

Here are some stock prices

Garanti 3,96 unch

Akbank 6,60 1,54%

Turkish airlines 7,10 5,19%

Turkcell 8,00 -1,84%

Isbank 5,70 -2,56%

Major stock indexes were flat as investors mulled whether the government’s bailout of Fannie Mae and Freddie Mac will affect the root of the mortgage crisis — falling home prices and increasing rates of foreclosures.

Just after the opening bell, the Dow Jones Industrial Average was up 0,33% at 11547. The Nasdaq Composite Index up 0.45% to 2279.25. The S&P 500 fell 0.19% to 1265. [Read more]

Crude oil fell in New York as Saudi Arabia’s oil minister said supplies are sufficient to meet demand, signaling that OPEC may maintain production levels when it meets today.

Crude oil for October delivery fell as much as $2.11, or 2 percent, to $104.23 a barrel and traded at $104.79 at 12:49 p.m. London time on the New York Mercantile Exchange. Oil has dropped 29 percent from the record $147.27 reached on July 11.

Oil also declined as Hurricane Ike weakened to Category 1 on the 5-step Saffir-Simpson scale of intensity as it passed over Cuba, easing concerns it will damage Gulf of Mexico oil facilities. Sustained winds dropped to 80 miles (130 kilometers) per hour, the U.S.

The contract climbed as much as 3.5 percent yesterday as Ike delayed the restoration of Gulf of Mexico output that was closed because of Hurricane Gustav last week. Ike was moving across Cuba’s western tip and was forecast to strengthen as it turns west into the Gulf of Mexico. The centre’s 5-day forecast shows the storm making landfall near Corpus Christi, Texas, early on Sept. 13.

Turkish stocks recovered from the red zone and finished the morning session 184 points higher at 40714. The index hit 40210 levels as profit taking continued from yesterday’s huge gain. [Read more]

U.S. stocks ended sharply higher Monday after the government seized mortgage giants Fannie Mae and Freddie Mac to prevent trillions of dollars in mortgage-backed securities from defaulting and to bring down mortgage rates nationwide.

The Dow Jones Industrial Average gained 289 points, or 2.6%, to end at 11,510, with 29 of its 30 components advancing. The advance among blue chips was led by a 7.8% rise in Bank of America, one of several major banks in competition with Fannie Mae. The S&P 500 index gained 25 points, or 2%, to end at 1,267, while the Nasdaq Composite rose 13 points, or 0.6%, to 2,269.

Gold fell, erasing earlier gains, as the U.S. government seizure of mortgage lenders Fannie Mae and Freddie Mac boosted the value of the dollar, reducing the appeal of the precious metal as an alternative asset. Silver declined. [Read more]