Turkey's benchmark stock index up at open

BIST 100 increases 0.29 percent; US dollar/Turkish lira exchange rate stands at 4.0850

By Jeyhun Aliyev

ANKARA (AA) - Turkey's stock exchange rose 0.29 percent, or 317.56 points, to open at 110,376.18 points on Wednesday.

Among all sector indices, the transportation sector index posted the best performance, up 0.65 percent, while the leasing factoring sector index suffered the worst, down 0.46 percent.

The BIST banking index and the BIST holding index gained 0.50 and 0.24 percent, respectively.

On Tuesday, Borsa Istanbul's BIST 100 index closed at 110,058.62, down 0.79 percent, with a 5.9 billion Turkish liras (nearly $1.4 billion) trade volume.

The U.S. dollar/Turkish lira exchange stood at 4.0850 as of 9.30 a.m. local time (0630GMT) on Wednesday. It was 4.0910 at Tuesday's close.

The euro/lira exchange rate slightly declined to 4.9920, compared with Wednesday's close of 4.9980.

The price of Brent oil was $73.75 per barrel as of 10 a.m. local time (0700GMT) Wednesday.

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