Turkey’s Borsa Istanbul starts week with rise

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BIST 100 index up 0.63 pct while US dollar/Turkish lira and euro/Turkish lira rates stand at 3.85 and 4.49, respectively

Turkey's Borsa Istanbul starts week with rise

By Dilara Zengin

ANKARA

Turkey’s benchmark stock index, BIST 100, rose 688.71 points or 0.63 percent to open at 109,638.06 points on Monday.

The banking and holding indices went up 0.63 and 0.50 percent, respectively.

Among all sectors, the mining sector index saw the biggest rise — up 1.64 percent — whereas the insurance index had the highest decline, going down 0.06 percent.

At close on Friday, the BIST 100 was down 1,297.11 points — 1.18 percent — to 108,949.35 points. The day’s trading volume was 6.3 billion liras ($1.63 billion).

The U.S. dollar/Turkish lira exchange rate increased to 3.8560 as of 9.30 a.m. local time (0630 GMT) Monday, compared with Friday’s close at 3.8640.

The lira gained value against euro with the EUR/TRY rate decreasing to 4.4950 on Monday morning, down from 4.5030 at the close on Friday.

Brent oil price stood at $63.51 per barrel stood at 9.35 a.m. local time (0635 GMT) on Monday, compared to $64.18 per barrel on Friday after the increase in the U.S.’ oil rig figures suppressed upward trajectory.

Turkey’s current account deficit reached over $4.5 billion in September 2017, up by almost $3 million year-on-year, the Central Bank reported on Monday.

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