UPDATE - Turkey’s Borsa Istanbul closes Tuesday with losses

UPDATES WITH MORE DAILY FIGURES

By Ovunc Kutlu

ANKARA (AA) – Turkey’s benchmark stock index ended Tuesday with losses to close at 1,850.48 points.

After starting the day at 1,902.35 points, Borsa Istanbul’s BIST 100 index lost 46.65 points, or 2.46%, from Monday’s close of 1,897.13 points.

The index’s lowest value during the day was 1,873.30 points, while its daily high was 1,942.53 points.

The total market value of BIST 100 was approximately 1.5 trillion Turkish liras ($129.8 billion) by market close, with a daily trading volume of more than 30.8 billion Turkish liras ($2.7 billion).

A total of 45 stocks on the index rose during the day, 52 fell, and three remained unchanged compared to Friday's close.

The highest trading volumes were posted by private lender Garanti BBVA, polyester producer Sasa, and glassmaker Sise Cam.

Shares of real estate investment trusts firm Alarko Gmyo performed the best, up 9.97%, while stocks of pharmaceutical firm Turk Ilac Serum saw the largest decline with 7.68%.

One ounce of gold traded for $1,820.25 by the day’s end, up from $1,809.40 at the previous close, according to data from Borsa Istanbul’s Precious Metals and Diamond Markets.

The price of Brent crude oil was up 1% to $78.99 per barrel as of 6.23 p.m. local time (1523GMT).