Finance

Turkey’s Borsa Istanbul opens week up

By Muhammed Ali Gurtas

ANKARA 

Turkey’s benchmark stock index started the week by going up 0.48 percent to open at 117,074.69 points on Monday.  

Borsa Istanbul’s BIST 100 index rose 563.72 points, up from Friday’s close at 116,510.97 points.

On Monday morning, the banking and holding sector indices went up 0.79 percent and 0.34 percent, respectively. 

Among all sectors, the BIST mining index increased the most — up 1.02 percent — while the BIST sports index suffered the biggest fall, going down 0.25 percent.  

Last week, the BIST 100 showed a 2.57 percent hike on a weekly basis with a 5.54 billion Turkish lira ($1.46 billion) daily trade volume on average.

The U.S. dollar/Turkish lira exchange rate was stable at 3.7540 as of 9.30 a.m. local time (0630GMT), compared with Friday’s closing rate of 3.7510.

The euro/lira rate decreased slightly to 4.6590 on Monday morning, down from 4.6660 at the previous close.  

The price of Brent oil was $65.22 per barrel as of 10.20 a.m. local time (0720GMT) Monday, versus price corridor of $64.39 – $65.10 on Friday.


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