Borsa Istanbul up at opening session

ISTANBUL (AA) - Borsa Istanbul’s BIST 100 index rose by 1.77 percent Monday after global rating agency Moody’s failed to issue a ratings statement for Turkey last week.

On Friday, Moody’s said its review of the country’s Baa3 rating was ongoing.

The benchmark index increased 1,347.91 points to open at 77,413.60. On Friday, the BIST 100 fell by 0.1 percent to close at 76,066, with total trading volume at 3.6 billion Turkish liras ($1.2 billion).

The Turkish stock market is likely to remain responsive to domestic developments this week -- such as Sunday’s massive pro-democracy rally in Istanbul -- an analysts at Seker Investment said.