Economy

Turkish stocks down at close

BIST 100 index drops 441.58 points from last week's close, US dollar/Turkish lira exchange rate stands at 5.2810

03.12.2018
Turkish stocks down at close

Ankara

By Tuba Sahin

ANKARA 

Turkey's benchmark stock index ended Monday down 0.46 percent to close at 94,974.45 points.

Borsa Istanbul's BIST 100 index fell 441.58 points from last week's close, as it started the first trading day of the week at 96,366.96 points.

On Monday, the BIST 100's daily low and peak were 94,974.45 points and 96,829.78 points, respectively.

Compared with the close on Friday, 37 stocks on the benchmark index rose, 56 fell and seven were flat.

By market capitalization, Turkish conglomerate Koc Holding ($7.3 billion), private lender Garanti Bankasi ($6.5 billion), and energy company Tupras ($6 billion) were the top listed companies. 

As of daily close, the BIST 100's total market value was around 618 billion Turkish liras ($119.8 billion), and its daily trade volume was 7 billion Turkish liras ($1.33 billion). 

Garanti Bankasi, national flag carrier Turkish Airlines, and iron/steel producer Kardemir posted the highest trade volumes on Monday.

Shares of leasing company Is Finansal Kiralama recorded the best performance -- up 9.55 percent -- as stocks of Turkish conglomerate Ittifak Holding dropped 7.01 percent, worst of the day.

By market close, the USD/TRY exchange rate rose to 5.2810, up from Friday's close of 5.1820.

The EUR/TRY rate was 5.9850, while one euro traded for 5.8890 liras at the previous close.

The British pound/Turkish lira exchange rate was 6.7040, while it was 6.5890 at close on Friday.

At daily close, the price of one ounce of gold was $1,229.50 in Borsa Istanbul's Precious Metals and Diamond Markets, versus $1,223.70 at the previous close.

Hovering between $61.11 and $62.59 during the day, the price of Brent oil was $61.68 per barrel as of 6.00 p.m. local time (1500GMT) Monday.

On Monday, the Turkish Statistical Institute (TurkStat) announced that Turkey's annual inflation rate fell to 21.62 percent in November, down 3.62 percentage points from October. 


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