Turkish stocks fall 2 pct at close

Turkish stocks fall 2 pct at close

BIST 100 index drops over 2,000 points compared to previous close; US dollar/Turkish lira exchange rate stands at 5.2560

By Tuba Sahin

ANKARA (AA) - Turkey's BIST 100 fell by 2.04 percent to close Wednesday at 101,645.82 points.

Borsa Istanbul's BIST 100 index started the day at 104,338.99 points and lost 2,116.64 points from Tuesday's close of 103,762.46 points.

The U.S. dollar/Turkish lira exchange rate was 5.2560 at close, slightly down from 5.2600 at Tuesday's close.

The euro/lira rate fell to 5.9360 at Wednesday's close, versus 5.9430 at the previous close.

One British pound traded for 6.7860 Turkish liras, while the GBP/TRY rate was 6.7920 at close on Tuesday.

In Borsa Istanbul's Precious Metals and Diamond Markets, the price of one ounce of gold stood at $1,311.80 by market close, identical with the previous close.

The price of Brent crude oil dropped to $63.59 per barrel as of 6 p.m. (1500GMT) Wednesday, with a day range of $62.58 to $63.59.

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