Economy

Turkish stocks end week up

BIST 100 index rises over 375 points from Thursday's close

Aysu Bicer | 22.05.2020

ANKARA

Turkey's benchmark stock index ended the week up 0.37% to close at 103,024.34 points.Starting the day at 102,453.67 points, Borsa Istanbul's BIST 100 index rose 375.41 points from 102,648.93 points at Thursday's close.On the last trading day of the week, the BIST 100 hovered between 102,013.76 points and 103,306.72 points – 40 stocks on the index rose, 13 fell, and the remaining were flat compared to the previous close.
Closing the day with a market value of nearly 740 billion Turkish liras ($109 billion), the benchmark index posted a daily trading volume of 10 billion Turkish liras ($1.5 billion).
The price of Brent oil was $34.43 per barrel as of 6 p.m. local time (1500GMT) on Friday.
Shares of energy giant Tupras, defense company Aselsan and national flag carrier Turkish Airlines saw the highest trading volumes during the day.
Stocks of food company were the top gainer with a 9.89% rise, while shares of another energy company Aksa Enerji dropped the most, falling 2.99%.
The price of one ounce of gold was $1,735.00 by market close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.
The price of Brent oil was $34.43 per barrel as of 6 p.m. local time (1500GMT) on Friday.