Turkish stocks up at close

ANKARA (AA) - Turkey’s benchmark index rose 512.35 points to close at 76,239.63, daily session on Monday.

On the first day of the week, the BIST 100 index increased by 0.68 percent while the banking and holding sector indexes rose by 0.69 and 0.54 percent respectively, and the total trading volume of the country's stock exchange market was 2.8 billion Turkish liras (approx. $799 million).

Among sector indexes, the mining, paper, printing index rose the most -- by 5.52 percent -- while the securities investment trust sector declined most by 0.94 percent.

Shares of Ipek Energy, an energy resources exploration and production company, gained the most value -- an increase of 10.50 percent -- while shares of brewer and soft-drinks manufacturer Anadolu Efes saw the biggest decline with a drop of 0.71 percent.

The Borsa Istanbul Gold Exchange index declined by 0.52 percent in value, with gold trading at 131,200 Turkish liras ($37,43) per kilogram.

The Turkish lira lost value against the U.S. dollar on Monday, and the U.S. dollar/Turkish lira exchange rate was up to stand at 3.5050 at 5 p.m. (1400GMT), compared to 3.4750 at Friday's closing session.

Meanwhile, Turkey's GDP went down by 1.8 percent in the third quarter of 2016 compared with the same period in 2015, the Turkish Statistical Institute reported on Monday.

Turkey’s current account deficit has widened, standing at $1.68 billion in October, up by almost $1.33 billion year-on-year, due to a decline in income from tourism and foreign trade, the Central Bank said in a report Monday.