Turkey's Borsa Istanbul starts week up

By Muhammed Ali Gurtas

ANKARA (AA) - Turkey's benchmark stock index started the week up 0.78% or 762.07 points to open at 97,860.40 points on Tuesday, after one-day holiday break due to Democracy and National Unity Day on July 15.

On Friday, Borsa Istanbul's BIST 100 index dropped 2.32% to close the week at 97,098.34 points with a daily trading volume of 6.85 billion Turkish liras ($1.2 billion).

Last week, the benchmark index posted a 2.55% decline. At the beginning of this year, the BIST 100 hovered around 89,000 points.

The U.S. dollar/Turkish lira exchange rate was 5.7150 as of 9.30 a.m. local time (0630GMT) on Tuesday, as it was 5.7530 at Friday's close.

The euro/Turkish lira exchange rate stood at 6.4365, versus 6.4710, and one British pound traded for 7.1530 Turkish liras, compared to 7.2350.

One barrel of Brent oil was sold for $66.48 as of 10 a.m. local time (0700GMT) on Tuesday.