Turkish stocks end day with gain

Turkish stocks end day with gain

BIST 100 index goes up over 0.1 pct at close; USD/TRY flat around 3.78, while euro/lira down below 4.67

By Muhammed Ali Gurtas

ANKARA (AA) - Turkey's benchmark stock index closed the day up 0.1 percent to stand at 115,570.19 points on Wednesday, with a 7.1 billion Turkish lira ($1.87 billion) trade volume.

Borsa Istanbul's BIST 100 index rose 112.89 points, up from Tuesday's close at 115,457.30 points, while the electricity sector index was the top gainer with a 2.86 percent hike, and the transportation sector showed the worst performance as its index fell 2.43 percent.

The BIST banking index closed Wednesday up 0.25 percent -- 7 stocks went up, and six shares saw a decline among listed lenders. The BIST holding index also posted an increase -- up 0.48 percent -- while 15 shares were up, 14 stocks were down, and six shares were flat.

Stocks of Tesco Kipa (KIPA), operating supermarkets, were the top gainers for the third consecutive day, rising 10.27 percent. Shares of steel producer Cemtas Celik Makina (CEMTS) performed the worst, falling 9.35 percent.

The BIST 100's top five most-traded stocks were national flag-carrier Turkish Airlines, private lender Garanti, energy company Zorlu, private lender Akbank, and iron/steel producer Kardemir.

The U.S. dollar/Turkish lira exchange rate was flat at 3.7820 as of 5 p.m. local time (1400GMT) Wednesday, compared to Tuesday's close at 3.7830.

The EUR/TRY exchange rate fell to 4.6660 by markets close, versus 4.6730 at the previous close.

The BIST Gold Exchange index was down 1.19 percent, while the price of gold per kilogram dropped to 161,500 Turkish liras ($42,708) as of 4.30 p.m. local time (1330GMT), versus 163,000 Turkish liras ($43,085) on Tuesday.

As of 6.50 p.m. local time (1515GMT) Wednesday, the price of Brent oil stood at $66.28 per barrel -- hovering between $66.2 and $67.7 during the day.

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