Turkish stocks rise 0.59% at midweek close

BIST 100 index gains 6.48 points from previous close, USD/TRY exchange rate stands around 7.6980

By Aysu Bicer

ANKARA (AA) - Turkey's benchmark stock index closed Wednesday up 0.59% to close at 1,102.65 points.

After starting at 1,101.72 points, Borsa Istanbul's BIST 100 index climbed 6.48 points from 1,096.16 points at Tuesday's close.

On Wednesday, the BIST 100 hovered between 1,098.82 and 1,106.06 points -- 92 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 817 billion Turkish liras ($107 billion), the benchmark index posted a daily trading volume of 15.5 billion Turkish liras ($2 billion).

One ounce of gold sold for $1,884.30 by market close, down from $1,906.00, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent oil was $42.22 per barrel as of 6 p.m. local time (1500GMT) on Wednesday.