Turkish stocks looking up at close

Borsa Istanbul's BIST 100 increases over 887 points from previous close

By Aysu Bicer

ANKARA (AA) - Turkey's benchmark stock index closed the day at 101,595.33 points on Wednesday, up 0.88% from the previous close.

After starting the day at 101,212.50 points, Borsa Istanbul's BIST 100 index increased 887.84 points from 100,707.48 points at Tuesday's close.

On Wednesday, the BIST 100 hovered between 100,579.05 points and 101,742.67 points as 49 stocks on the index rose, eight fell and the remaining were flat compared to the previous close.

Closing the day with a market value of some 714 billion Turkish liras ($102 billion), the benchmark index posted a daily trading volume of 13.1 billion Turkish liras ($1.9 billion).

The price of Brent crude oil was around $24.30 per barrel as of 6.00 p.m. (1500GMT) on Wednesday.