27 June 2018•Update: 27 June 2018
By Gokhan Ergocun
ANKARA
Turkey's benchmark stock index rose by 1.64 percent to 95,954.80 points with a trading volume of around 7.5 billion Turkish liras (nearly $1.62 billion) in the closing session on Wednesday.
Borsa Istanbul's BIST 100 index ended the day with a 1,546.61-point increase from the Tuesday's close of 94,408.19 points, while it opened the day at 94,432.93 points, up 0.03 percent.
The benchmark index hovered between 94,292.57 points and 96,187.31 points, while 88 stocks on the index were on the rise, 10 on the decline, and two flat compared to the previous close.
The total market value of listed shares on the BIST 100 was 612.43 billion liras ($131.03 billion) at the close, while the banking and holding sector indices increased 3.19 percent and 1.90 percent, respectively.
Among all sectors, the transportation sector index saw an increase, up 5.70 percent, and the chemical petrol plastic sector index saw the biggest drop, losing 3.17 percent.
Stocks of furniture manufacturer Dogtas Kelebek climbed the most, up 12.06 percent, while shares of petrochemical company Tupras suffered the worst, falling 5.97 percent.
The BIST 100's most-traded listed companies were national flag carrier Turkish Airlines, private lender Garanti, defense company Aselsan, another private lender Akbank and petrochemical company Tupras.
The USD/TRY exchange rate dropped to 4.6010 as of 5 p.m. local time (1400GMT) Wednesday, compared with 4.6420 at Tuesday's close. Last month it hit an all-time high of 4.93.
The euro/lira exchange rate also fell to 5.3400 by market close, versus 5.4110 at the previous close, and one British pound traded for 6.0690 Turkish liras, compared with 6.1585 at Tuesday's close.
The BIST Gold Exchange index stood at same with Tuesday's close. In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold traded for $1,256.40 as of 4.30 p.m. local time (1330GMT) Wednesday, compared with $1,256.45 at the previous close.
The price of Brent oil rose to $77.67 per barrel as of 6 p.m. (1500GMT) Wednesday, from $74.64 on Tuesday's close.
Turkish Statistical Institute will announce Economic Confidence Index for June and Turkish Central Bank will release international reserves and foreign currency liquidity for May on Thursday.
