Borsa Istanbul stocks flat at open

By Gokhan Ergocun

ISTANBUL (AA) - Turkey's benchmark stock index rose 0.05 percent or 55.88 points to open at 104,154.24 points on Wednesday.

On Tuesday, Borsa Istanbul's BIST 100 index climbed 2.77 percent to close the day at 104,098.37 points by hitting the eight-month high with a daily trading volume of 8.4 billion Turkish liras ($1.6 billion).

The U.S. dollar/Turkish lira exchange rate stood at 5.3090 as of 9.30 a.m. local time (0630GMT), compared to Tuesday's closing rate of 5.3050.

The euro/Turkish lira exchange rate rose to 6.0800, versus 6.0640 at the last close. One British pound traded for 6.9670 Turkish liras, as the GBP/TRY exchange rate was 7.0030 at market close on Wednesday.

The price of Brent oil stood at $61.21 per barrel as of 10.00 a.m. local time (0700GMT) Wednesday, versus $61.34 at Tuesday's close.