UPDATE - Turkiye's Borsa Istanbul closes week in green

UPDATES WITH MORE DAILY FIGURES

By Tuba Sahin

ANKARA (AA) – Turkiye's benchmark stock index Borsa Istanbul was in positive territory at weekly close, rising 1.12% to 2,032.44 points on Friday.

Starting the day at 2,025.48 points, the BIST 100 index rose 22.45 points from Thursday's close of 2,009.99 points.

On a weekly basis, the benchmark index posted a decrease of 0.90% this week.

During the day, the BIST 100 hovered between 2,004.48 points and 2,032.44 points – 75 stocks on the index rose, 18 fell, and seven were flat compared to the previous close.

Closing the week with a market value of around 1.6 trillion Turkish liras ($119 billion), the benchmark index posted a daily trading volume of 20 billion Turkish liras ($1.5 billion).

Shares of national flag carrier Turkish Airlines, and iron/steel producers Kardemir and Eregli recorded the highest trading volumes on Friday.

Stocks of software developer Logo enjoyed a 7.63% hike, while shares of software and information technology firm ARD Bilisim dropped the most, 3.61%.

One ounce of gold traded for $1,895.00 by market close, up from $1,885.00 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

Price of Brent crude oil was around $92.16 per barrel as of 6.06 p.m. local time (1506GMT) on Friday – with a day range of $90.27 to $92.98.

Brent oil prices fell nearly 5% from the Monday session that opened at $95.47 a barrel amid rising tensions in Eastern Europe, while the prospects of an agreement on the Iran nuclear talks also capped price rises.