Turkey's Borsa Istanbul down at closing session

Turkey's Borsa Istanbul down at closing session

BIST 100 index drops over 1,500 points from previous close, Turkish lira gains against foreign currencies

By Gokhan Ergocun

ANKARA (AA) - Turkey's benchmark stock index closed Thursday at 97,453.96 points, down 1.55 percent.

Borsa Istanbul's BIST 100 index dropped 1,537.05 points from Wednesday's close of 98,987.52 points, while it started the day at 98,987.52 points.

The U.S. dollar/Turkish lira exchange rate fell to 5.5820 as of 5 p.m. local time (1400GMT) Thursday, compared with the previous close of 5.6950.

One euro traded for 6.4210 Turkish liras at close, down from 6.5760 at Wednesday's close.

By market close, the GBP/TRY exchange rate was 7.3200, versus 7.4850 at the previous close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold traded for $1,224.00 at Wednesday's close, down from Tuesday's close of $1,226.50.

As of 6 p.m. local time (1500GMT), the price of Brent oil stood at $79.59 per barrel, compared with $79.64 at Wednesday's close.

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