Turkey's Borsa Istanbul up at open

By Jeyhun Aliyev

ANKARA (AA) - Turkey's stock exchange started Wednesday on the rise, climbing 0.42 percent, or 416.51 points, to open at 99,708.98 points on Wednesday.

On the third transaction day of the week, the banking and holding sector indices gained 0.81 percent and 0.26 percent, respectively.

As all sector indices started the day on the rise, the tourism sector index posted the best performance, up 0.83 percent.

On Tuesday, Borsa Istanbul's BIST 100 closed at 99,292.47, down 0.26 percent, or 254.97 points, with a trade volume of around 10 billion Turkish liras ($1.64 billion).

The U.S. dollar/Turkish lira exchange rate fell to 6.1600 as of 9.30 a.m. local time (0630GMT) on Wednesday, compared with the previous close of 6.1970.

By market open, the euro/lira exchange rate dropped to 7.2530, while it stood at 7.3110 at the previous close.

One British pound traded for 8.1350 Turkish liras versus 8.1640 at Tuesday's close.

The price of Brent oil rose to $81.31 per barrel as of 10.00 a.m. local time (0700GMT) Wednesday, compared to $81.26 at the end of Tuesday -- climbing from around $66 at the beginning of 2018.