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Firefighters work at the scene after part of stone wall surrounding an Armenian cemetery was demolished in a storm, in Istanbul, Thursday, July 27, 2017. At least three people were reported injured on Thursday after a severe summer storm hit Istanbul, knocking down a wall and trees and flooding the Turkish city’s streets and underpasses. (AP Photo/Emrah Gurel)

(Bloomberg) – The Borsa Istanbul Insurance Sector Index dropped as much as 2.5$ on Friday after a brief but ferocious storm in Istanbul on Thursday showered the city with hail as large as golf balls, shattering windows, denting vehicles and damaging buildings.

The insurance sector decline was its biggest since June 15 and the largest among the Borsa Istanbul sub-indexes on the day. Anadolu Sigorta, the largest insurance company by market value, dropped as much as 6.8%. Ak Sigorta, a unit of lender Akbank TAS, plunged 7.5%.

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