Turkey, Economy

Turkish stocks close Tuesday up 1.19%

BIST 100 index rises over 1,150 points from previous close, USD/TRY exchange rate stands around 5.69

Muhammed Ali Gürtaş   | 09.04.2019
Turkish stocks close Tuesday up 1.19%


Turkey's benchmark stock index went up 1.19% to close at 98,135.30 points on Tuesday.

After starting the day at 97,956.66 points, Borsa Istanbul's BIST 100 index climbed 1,156.98 points from Monday's close of 96,978.32 points.

During Tuesday's trading, the BIST 100 peaked at 98,748.33 points while its daily low was 97,496.90 points -- 79 stocks on the index rose, 18 fell, and three were flat compared to the previous close.

The benchmark index posted a daily trading volume of 6.35 billion Turkish liras ($1.12 billion), as it closed the day with a market value of some 648 billion Turkish liras ($114 billion).

Turkish conglomerate Koc Holding, private lender Garanti Bankasi, iron and steel producer Eregli were the leading BIST 100 companies by market value.

The highest trading volumes were recorded by the stocks of national flag carrier Turkish Airlines, iron and steel producer Kardemir, and Garanti Bankasi.

Shares of frozen foods producer Kerevitas (KERVT) showed the best performance -- up 12.84% -- and stocks of Turkish sports club Trabzonspor (TSPOR) did the worst, falling 3.16%.

One ounce of gold was sold for $1,307.20 at the daily close in Borsa Istanbul's Precious Metals and Diamond Markets versus the previous close of $1,300.00.

A barrel of Brent oil was sold for $70.60 as of 6 p.m. local time (1500GMT) on Tuesday -- with a day range of $70.30 to $71.34.

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

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