Middle East stock market closing reportTurkish stock index fell more than 1.6%, the lira fell towards the 40 mark, and the country's police arrested three opposition mayors over the weekend.

On Monday, the National 100 Index of the Istanbul Stock Exchange in Turkey fell by 1.64% to 10107.68 points. The bank index of the Istanbul Stock Exchange also fell by 1.64% to 15561.20 points. The Turkish lira fell by 0.30% against the US dollar, nearing the psychological barrier of 40 lira. According to Xinhua News Agency, the mayors of three cities in southern Turkey - Adana, Adiyaman, and Antalya - were detained by the police on the 5th on charges of organized crime, bribery, and collusion in bidding. From March 18 to 24, the Turkish stock index had dropped from 10802.23 points to 8872.75 points due to actions taken by Turkish President Erdogan against the opposition.