Economy

Turkey's benchmark stock index up at close

BIST 100 index goes up over 1,100 points from previous close, USD/TRY stands below 5.45

15.01.2019
Turkey's benchmark stock index up at close

By Muhammed Ali Gurtas

ANKARA

Turkey's benchmark stock index ended Tuesday up 1.22 percent to close at 93,173.27 points.

Opening the day at 92,627.61 points, Borsa Istanbul's BIST 100 index went up 1,119.43 points from the previous close.

During Tuesday's trading, the BIST 100's daily low and peak were 92,478.40 points and 93,303.16 points, respectively, as 72 stocks on the index rose, 20 fell, and eight were flat compared to the previous close.

The market value of the index was 604 billion Turkish liras ($109.6 billion) at close, while Tuesday's trade volume posted 6.48 billion Turkish liras ($1.19 billion).

The top listed companies on the BIST 100 were Turkish conglomerate Koc Holding ($6.90 billion), private lenders Garanti Bankasi ($6.35 billion) and Akbank ($5.69 billion) by market value.

Turkey's national flag carrier Turkish Airlines, Garanti Bankasi and Akbank recorded the highest daily trading volumes on Tuesday.

Stocks of energy firm Odas Elektrik were the top gainers for the second day in a row -- up 11.36 percent -- and shares of Turkish Airlines fell the most, going down 2.93 percent.

As of the daily close, the U.S. dollar/Turkish lira exchange fell to 5.4440, down from 5.4950 at Monday's close.

The euro/lira rate stood at 6.2270 at Tuesday's close, compared with 6.2960 at the previous close.

One British pound traded for 7.0150 Turkish liras, as the GBP/TRY exchange rate was 7.0760 at Friday's close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold was sold for $1,291 at the daily close, versus $1,296 at the previous close.

On Tuesday, the price of Brent oil was around $60.16 per barrel as of 6 p.m. local time (1500GMT), after hovering between $59.12 and $60.45 during the day.

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