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Turkey's Borsa Istanbul surges 3.7% at Friday opening

Turkey's Borsa Istanbul surges 3.7% at Friday opening
BIST 100 index gains over 3,500 points from previous close; Turkish lira gains ground against other currencies

By Tuba Sahin

ANKRA (AA) - Apparently buoyed by last night’s deal with the U.S. over northern Iraq, Turkey's benchmark stock index jumped 3.70%, or 3,509.78 points, to start the last transaction day of the week at 98,406.01 points.

On Thursday, Borsa Istanbul's BIST 100 index increased by 0.81% to close the day at 94,896.23 points with a daily trading volume of 5.4 billion Turkish liras ($911 million).

The U.S. dollar/Turkish lira exchange rate fell to 5.7670 as of 9.30 a.m. local time (0630GMT) on Friday, compared to 5.8850 at Thursday's close.

The euro/Turkish lira exchange rate also decreased to 6.4140, versus 6.5540, and one British pound traded for 7.4380 Turkish liras, while it was 7.5736 at the previous close.

One barrel of Brent crude oil was sold for around $59.80 as of 10 a.m. local time (0700GMT) on Friday.

source: News Feed
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