Borsa Istanbul goes up in opening session

ANKARA (AA) – The BIST 100 index gained 234.09 points to open at 76,264.87 points on Thursday.

The benchmark index increased by 0.3 percent, while the banking and holding sector indexes advanced by 0.42 and 0.13 percent, respectively.

On the fourth trading day of the week, among the sub-indices, the leasing and factoring sector increased the most, by 0.75 percent, while the tourism sector index saw a drop of 0.12 percent.

Meanwhile, the U.S. dollar/Turkish lira exchange rate went down to stand at 3.3820 at 10.00 a.m. (0700 GMT) Thursday, compared to 3.4120 at Wednesday's close.

The Economic Coordination Committee, which held a meeting last week, is set to announce its outcome by Prime Minister Binali Yildirim. It is expected the committee will take measures to accelerate economic growth and minimize foreign exchange volatility, which in turn will give incentives to the banking system to re-accelerate credit growth and hiring by the real sector as private sector lending, especially to small and medium size businesses is not robust.

On Wednesday, the Turkish lira remained positive, gaining 1.65 percent against the dollar to close at 3.403, and the local fixed income market was also positive. The two-year benchmark bond was traded between 10.63 And 10.70 percent, ending 16 base points below its Tuesday's close.