Turkey's Borsa Istanbul up at open

By Diyar Guldogan

ANKARA (AA) - Turkey's stock exchange rose 0.16 percent, or 181.47 points, to open at 116,613.26 points on Wednesday.

Among all sector indices, the leasing, factoring sector index posted the best performance, up 1.02 percent, while the metal products machine index was the worst, down 1.36 percent.

The BIST banking index and the BIST holding index rose by 0.28 percent and 0.25 percent, respectively.

On Tuesday, Borsa Istanbul's BIST 100 index closed at 116,431.78, rising by 0.85 percent, with a 6.9 billion-Turkish lira ($1.76 billion) trade volume.

The U.S. dollar/Turkish lira exchange stood at 3.9300 as of 09.30 a.m. local time (0630GMT) on Wednesday. It was also 3.9300 at Tuesday's close.

The euro/lira exchange rate rose to 4.8220, compared with Tuesday's close of 4.8210.

The price of Brent oil was $67.58 per barrel as of 10 a.m. local time (0700GMT) Wednesday.

Analysts said that global markets focused on the U.S. Federal Reserve System’s (FED) -- presided by Jerome Powell for the first time -- interest rate decision which will be expected to rise by 25 basis points.