Borsa Istanbul down at opening

BIST 100 index drops 0.29 percent to open at 104,720.76; U.S. dollar/Turkish lira exchange rate stands at 3.93

By Can Erozden

ANKARA (AA) - Turkey's BIST 100 stock exchange fell 305.35 points, or 0.29 percent, to open at 104,720.76 points on Friday.

The banking sector index decreased 0.54 while holding sector index gained 0.04 percent.

Among all sector indices, the textile sector saw the biggest rise with 0.51 percent. The transportation sector was the worst performer, falling 0.56 percent.

At the close on Thursday, the BIST 100 dropped 937.50 points, or 0.88 percent, standing at 105,026.11 points. The trade volume was 5.8 billion Turkish liras ($1.47 billion).

The U.S. dollar/Turkish lira exchange rate went up to 3.9320 as of 9.30 a.m. local time (0630GMT) on Friday, compared with Thursday's close at 3.9190.

Meanwhile, the euro/lira rate rose to 4.6620 on Friday morning, up from 4.6480 at the close on Thursday.

The Brent oil price rose to $63.40 per barrel on Friday morning, up from $63.29 at the close of trade on the previous day.

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