Turkey: Borsa Istanbul stocks down at close

Turkey: Borsa Istanbul stocks down at close

BIST 100 index drops 0.27 pct compared to previous close; US dollar/Turkish lira exchange rate stands at 5.4210

By Tuba Sahin

ANKARA (AA) - Turkey's benchmark stock index fell by 0.27 percent to close Wednesday at 103,452.85 points.

Starting the day at 104,026.09 points, Borsa Istanbul's BIST 100 index lost 277.74 points from Tuesday's close of 103,730.59 points.

The U.S. dollar/Turkish lira exchange rate was 5.4210 at close, up from 5.3830 at Tuesday's close.

The euro/lira rate rose to 6.1330 at Wednesday's close, versus 6.1010 at the previous close.

One British pound traded for 7.1360 Turkish liras, while the GBP/TRY rate was 7.0820 at close on Tuesday.

In Borsa Istanbul's Precious Metals and Diamond Markets, the price of one ounce of gold stood at $1,287.30 by market close, up from $1,286.50 the previous day.

The price of Brent crude oil was around $65.65 per barrel as of 6 p.m. (1500GMT) Wednesday, with a day range of $65.22 to $65.94.

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