Turkey's Borsa Istanbul down nearly 2 percent at close

Turkey's Borsa Istanbul down nearly 2 percent at close

BIST 100 index drops around 1,750 points, while Turkish lira gains in value against foreign currencies

By Gokhan Ergocun

ISTANBUL (AA) - Turkey's benchmark stock index decreased by 1.91 percent to close at 90,051.10 points on Wednesday.

Borsa Istanbul's BIST 100 index fell 1,749.75 points from Tuesday's close of 91,800.86 points while it started Wednesday at 92,136.13 points.

The U.S. dollar/Turkish lira exchange rate reached 5.3520 at close, down from Tuesday's close of 5.3720.

The euro/lira rate also decreased at close; 6.0810 versus 6.1110 at the previous close.

One British pound traded for 6.7690 Turkish liras, while the GBP/TRY rate was 6.7770 at close on Tuesday.

In Borsa Istanbul's Precious Metals and Diamond Markets, the price of one ounce of gold was around $1,244.65 by market close, down from $1,249.20 a day ago.

The price of Brent crude oil stood at $60.84 per barrel as of 6 p.m. (1500GMT) Wednesday, versus $60.86 at previous close.

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