UPDATE – Turkish stocks up 0.88% at midweek close


By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock index ended midweek trading up 0.88% to close at 103,457.26 points on Wednesday.

Starting the day at 102,809.75 points, Borsa Istanbul's BIST 100 index climbed 901.11 points from Tuesday's close at 102,556.15 points.

*** UPDATE ***

On Wednesday, the BIST 100 hovered between 101,769.31 points and 103,457.26 points — 48 stocks on the index rose, 39 fell, and 13 were flat compared to the previous close.

Closing the day with a market value of nearly 687 billion Turkish liras ($121 billion), the benchmark index posted a daily trading volume of 6.65 billion Turkish liras ($1.16 billion).

By market capitalization, Turkish conglomerate Koc Holding ($8.56 billion), private lenders Garanti BBVA ($7.27 billion), and Akbank ($6.97 billion) were the leading companies of BIST 100.

Shares of Garanti BBVA, national flag carrier Turkish Airlines, and Akbank saw the highest trading volumes on Wednesday — accounting for around 44% of the benchmark index's total trade volume.

Shares of conglomerate Ihlas Holding (IHLAS) were the best performers — up 9.30% — as stocks of real estate investment trust Is Gayrimenkul (ISGYO) fell the most with a 2.94% drop.

*** UPDATE ***

An ounce of gold was sold for $1,425.00 at the daily close in Borsa Istanbul's Precious Metals and Diamond Markets, versus $1,419.70 at the previous close.

The price of Brent oil was $64.27 per barrel as of 6.15 p.m. local time (1515GMT) on Wednesday, with a day range of $63.69 to $64.66.

At the beginning of 2019, a barrel of Brent oil was sold for around $53.

Exchange Rates Tuesday Wednesday
USD/TRY 5.6880 5.7140
EUR/TRY 6.3550 6.3740
GBP/TRY 7.0940 7.1360