Turkish stocks flat at daily close

ANKARA

Turkey's benchmark stock index ended Monday flat with a 0.03% decline to close at 86,771.47 points.

After starting the first business day of the week at 86,894.95 points, Borsa Istanbul's BIST 100 index fell 24.59 points from 86,796.06 points at Friday's close.

Last week, the benchmark index posted a 1.96% decline. At the beginning of this year, the BIST 100 stood around 89,000 points.

During Monday's trading, the BIST 100 hovered between 86,520.60 points and 87,116.42 points -- 39 stocks on the index rose, 50 fell, and 11 were flat compared to the previous close.

Closing the day with a market value of some 573 billion Turkish liras ($95 billion), the benchmark index posted a daily trading volume of 4.83 billion Turkish liras ($798 million).

By market capitalization, Turkish conglomerate Koc Holding ($6.35 billion), private lender Garanti BBVA ($5.22 billion) and energy giant Tupras ($4.99) were the leading companies of BIST 100.

Shares of Garanti BBVA, national flag carrier Turkish Airlines, and state-run lender Halkbank recorded the highest trading volumes on Monday -- accounting for around 37% of the benchmark index's total trade volume.

Shares of conglomerate Metro Holding (METRO) performed the best, rising 8.00%, and stocks of Turkish Super League champion Galatasaray (GSRAY) fell the most, down 12.50%.

One ounce of gold was sold for $1,278.85 at the daily close in Borsa Istanbul's Precious Metals and Diamond Markets, versus $1,286.30 at last week's close.

The price of Brent oil was $72.66 per barrel as of 6 p.m. local time (1500GMT) on Monday -- with a day range of $72.06 to $73.41.

At the beginning of 2019, a barrel of Brent oil was sold for around $53.