Turkish stocks up at midweek closing session

By Tuba Sahin

ANKARA (AA) - Turkey's benchmark stock index closed the day at 98,170.98 points on Wednesday, up 0.57% from the previous close.

Borsa Istanbul's BIST 100 index started the day at 98,129.45 points. As of the daily close, it rose 551.98 points from Tuesday's close of 97,619.00 points.

The price of one ounce of gold was $1,699.10 by market close, up from $1,671.00 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent crude oil was around $20.30 per barrel as of 6 p.m. (1500GMT) on Wednesday.

Turkey's Central Bank lowered its one-week repo rate (policy rate) to 8.75%, falling 100 basis points from 9.75% on Wednesday.