Borsa Istanbul starts day with rise

BIST 100 index goes up 0.46 percent while US dollar/Turkish lira rate stands at 3.86

By Gokhan Ergocun

ANKARA (AA) - Turkey's benchmark stock index BIST 100 increased by 491.81 points, or 0.46 percent, to open at 107,468.48 points on Friday.

The banking sector and holding sector indices gained value by 0.67 percent and 0.50 percent, respectively.

Among all sector indices, the wholesale and retail trade sector index was the best performer, rising 1.06 percent, while the insurance sector index saw the biggest decline -- 0.22 percent.

Turkey's benchmark stock index previously closed the day at 106,976.67 points -- decreasing 0.69 percent -- with an 8.9-billion-Turkish lira ($2.29 billion) trade volume on Thursday.

The U.S. dollar/Turkish lira exchange rate stood at 3.8620 at 9.30 a.m. local time (0630GMT) Friday, compared with 3.8600 at Thursday's close.

The euro/Turkish lira exchange rate climbed to 4.5630 at 9.30 a.m. local time Friday, compared with 4.5490 at previous day's close.

Brent oil increased to $61.34 per barrel at 9.00 a.m. local time (0600GMT) compared with $61.80 at Thursday's close.

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