UPDATE – Turkish stocks end week up 2.53%


By Aysu Bicer

ANKARA (AA) – Turkey's benchmark stock index closed the week at 1,060.59 points on Friday, up 2.53% from the previous close.

After starting the day at 1,029.79 points, Borsa Istanbul's index increased 26.19 points from 1,034.40 points at Thursday's close.

On Friday, the BIST 100 hovered between 985.38 and 1,062.07 points — 87 stocks on the index rose, 12 fell and four were flat compared to the previous close.

The total market value of the BIST 100 at close was 780 billion Turkish liras ($109 billion), with a daily trading volume of 25 billion Turkish liras ($3.4 billion).

Shares of defense giant Aselsan, real estate investment trust Emlak Konut GYO, and private lender Garanti BBVA saw the highest trading volumes.

One ounce of gold sold for $2,069.00 by market close, up from $2,064.20 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent crude oil was around $44.52 per barrel as of 6 p.m. (1500GMT) on Friday.

At the beginning of this year, a barrel of Brent oil sold for around $58.

Exchange Rates Thursday Friday
USD/TRY 7.2940 7.2030
EUR/TRY 8.6360 8.4830
GBP/TRY 9.8440 9.4140