Turkey, Economy

Turkey's benchmark stock index closes Monday down

BIST 100 index drops 1,805.04 points from previous close, USD/TRY exchange rate stands around 5.69

Muhammed Ali Gürtaş   | 08.04.2019
Turkey's benchmark stock index closes Monday down


Turkey's benchmark stock index ended Monday with 1.83% fall to close at 96,978.32 points. 

After starting the week at 98,978.89 points, Borsa Istanbul's BIST 100 index dropped 1,805.04 points from Friday's close of 98,783.36 points.

Peaking at 99,076.85 points, the BIST 100's daily low was 96,735.63 points during the day -- 15 stocks on the index rose, 81 fell, and four were flat compared to the previous close.

Closing Monday with a market value of some 640 billion Turkish liras ($114.5 billion), the benchmark index posted a daily trading volume of 5.97 billion Turkish liras ($1.05 billion).

Turkish conglomerate Koc Holding, private lender Garanti Bankasi, and energy giant Tupras were the top listed companies by market capitalization.

The highest trading volumes were seen in the shares of national flag carrier Turkish Airlines, Garanti Bankasi, and state-run lender Halkbank.

Stocks of Parsan Makina (PARSN), operating in steel forging and machinery, were the top gainers -- up 5.52% -- and shares of Turkish sports club Fenerbahce (FENER) saw the largest decline, going down 7.58%. 

One ounce of gold was sold for $1,300.00 at the daily close in Borsa Istanbul's Precious Metals and Diamond Markets, versus previous close of $1,288.70.

A barrel of Brent oil was sold for $70.75 as of 6 p.m. local time (1500GMT) on Monday -- with a day range of $70.44 to $71.00.

At the beginning of 2019, the price of Brent oil was around $53 per barrel.

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