UPDATE – Turkey's benchmark stock index down at close


By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock index went down 1.96 percent to close at 97,378.58 points on Tuesday.

After starting the day at 99,990.45 points, Borsa Istanbul's BIST 100 index fell 1,947.34 points from the previous close.

Peaking at 100,260.14 points, the BIST 100's daily low was 97,153.89 points during Tuesday's trading — 22 stocks on the index rose, 74 fell, and four were flat compared to the previous close.

The index posted a daily trading volume of 8.39 billion Turkish liras ($1.52 billion), closing the day with a market value of around 639 billion Turkish liras ($113 billion).

The highest trading volumes were seen in stocks of private lender Garanti Bankasi, Turkey's national flag carrier Turkish Airlines, and another lender Akbank.

By market capitalization, the leading companies of the BIST 100 were Turkish conglomerate Koc Holding, energy giant Tupras, and Garanti Bankasi.

Stocks of conglomerate Metro Holding (METRO) enjoyed the highest increase on Tuesday with 5.48 percent hike, as shares of electronic appliances manufacturer Vestel (VESTL) did the worst, falling 9.52 percent.

One ounce of gold was sold for $1,316.00 at the daily close in Borsa Istanbul's Precious Metals and Diamond Markets, versus $1,318.95 at the close on Monday.

With a day range of $66.82 to $67.77, the price of Brent oil was around $67.40 per barrel as of 6.15 p.m. local time (1515GMT) on Tuesday.

At the beginning of 2019, the price of Brent oil was around $53 per barrel.

Exchange Rates Monday Tuesday
USD/TRY 5.6060 5.5370
EUR/TRY 6.3570 6.2800
GBP/TRY 7.4350 7.3600