UPDATE - Turkey's Borsa Istanbul up at close

BIST 100 index rises 1.05 percent at close; foreign currency exchange rates climb

UPDATES WITH MORE DAILY FIGURES

By Tuba Sahin

ANKARA (AA) - Turkey's benchmark stock index closed Tuesday up 1.05 percent at 103,327.74 points with a trading volume of around 6.3 billion Turkish liras ($1.35 billion).

Borsa Istanbul's BIST 100 index ended the day with a 1,070.09-point increase from the previous close of 102,257.65 points, while it opened the day at 102,718.04 points, up 0.45 percent.

The benchmark index hovered between 102,262.26 points and 103,769.84 points, while 63 stocks on the index were on the rise, 28 on the decline, and 9 flat compared to the previous close.

The banking and holding sector indices were up 2.28 percent and 0.11 percent, respectively.

Among all sectors, the leasing, factoring sector index was the best performer, rising 6.59 percent, and the transportation sector index saw the biggest drop, declining 0.89 percent.

The stocks of telecommunication giant Turk Telekom were the top gainer of the day with a 8.03 percent hike, while the stocks of construction company Isiklar Enerji Yapi Holding witnessed the biggest drop, falling 10.34 percent.

The BIST 100's most-traded listed companies were private lender Garanti, national flag carrier Turkish Airlines, iron/steel producer Kardemir, followed by state lender Halkbank and another private lender Akbank.

The USD/TRY exchange rate rose to 4.6350 as of 5 p.m. local time (1400GMT) Tuesday, up from 4.5920 at Monday's close.

The euro/lira exchange rate also increased to 5.46 by market close, versus 5.4010 at the previous close, and one British pound was traded at 6.2470 Turkish liras, compared with 5.1760 at Monday's close.

The BIST Gold Exchange index rose by 0.99 percent at the close. In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold traded for $1,295.70 as of 4.30 p.m. local time (1330GMT) Tuesday, compared with $1,283 at previous close.

As of 6 p.m. local time (1500GMT), the price of Brent oil stood at $80.37 per barrel -- hovering between $79.34 and $80.36 during the course of Tuesday -- up from around $66 at the beginning of 2018.


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