Borsa Istanbul up at over 1 pct at closing

Borsa Istanbul rises over 1,250 points, while Turkish lira loses value against foreign currencies

By Gokhan Ergocun

ISTANBUL (AA) - Turkey's benchmark stock index closed Tuesday up 1.38 percent at 92,708.56 points with a trading volume of around 6.4 billion Turkish liras ($1.16 billion).

Borsa Istanbul's BIST 100 index ended the day with a 1,263.28-point increase from Monday's close of 91,445.28 points, while it opened the day at 91,532.34 points.

The USD/TRY exchange rate rose to 5.5000 as of 5 p.m. local time (1400GMT) Tuesday, compared with 5.4420 at Monday's close.

The euro/lira exchange rate also increased to 6.2020 by market close, versus 6.1370 at the previous close, while the British pound/lira exchange rate reached 7.1330 Turkish liras, compared with 7.0420 at Monday's close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold traded for $1,199.20 as of 5.30 p.m. local time (1430GMT) Tuesday, down from 1,208.20 at the previous close.

As of 6 p.m. local time (1500GMT), the price of Brent oil dropped to $67.78 per barrel compared with $71.15 at the end of Monday.

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