Turkish stocks closes Friday at record-high level

BIST 100 index rises over 13 points from previous close

By Aysu Bicer

ANKARA (AA) - Türkiye's benchmark stock index ended Friday with a record-high of 3,567.60, up 0.39% or 13.75 points from Thursday’s close.

The total market value of the BIST 100 was around 2.8 trillion Turkish liras ($153 billion) by close, with a daily trading volume of 65.5 billion Turkish liras ($3.5 billion).

One ounce of gold traded at $1,711.20 by market close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

Brent oil was being traded at $97.29 per barrel for a 3.1% increase at 18.20 p.m. local time (1520 GMT).

American benchmark West Texas Intermediate (WTI), trading at $91.27 per barrel at the same time, saw a 3.19% rise.

Earlier this week, the Organization of Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, agreed to cut daily oil production by 2 million barrels per day.

Following the decision, US officials said that US President Joe Biden "is disappointed" by OPEC+'s decision and announced the delivery of another 10 million barrels from the strategic petroleum reserve to the market next month.

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