Turkey's Borsa Istanbul up at opening

BIST 100 index opens 0.12 pct higher; US dollar/Turkish lira rate stands around 3.63

ANKARA (AA) - Turkey's benchmark index started the day with a 105.33-point increase to open at 89,869.45 on Friday.

On the last transaction day of the week, the BIST 100 index rose 0.12 percent.

The banking and holding sector indices went up 0.15 percent and 0.14 percent, respectively.

Among all sectors, the tourism sector index was the best performer -- up 1.02 percent -- while the investment trust index started Friday with the biggest decline, falling 6.46 percent.

In Thursday's closing session, the benchmark index was down 44.98 points or 0.05 percent to 89,764.11 with a total trading volume of 3.4 billion Turkish liras (approximately $938.5 million).

The U.S. dollar/Turkish lira exchange rate rose to 3.6340 at 9.30 a.m. local time (0630GMT) on Friday, compared with 3.6230 at Thursday's close.

U.S. Federal Reserve Chair Yellen delivered a speech on Thursday on childhood education, but did not address monetary policy or economic outlook, as had been expected. The markets will follow U.S. February durable goods orders data.

On Friday, there will be no major local data announcements aside from housing sales for February.​

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