Turkish stocks end day with losses

BIST 100 index falls 2.77 percent, falling almost 2,700 points from previous close

By Muhammed Ali Gurtas

ANKARA (AA) - Turkey's benchmark stock index lost 2.77 percent on Thursday to close at 94,496.80 points.

Borsa Istanbul's BIST 100 index fell 2,691.07 points, down from the midweek close of 97,187.87 points, while it started the day at 97,043.02 points.

By market close, the U.S. dollar/Turkish lira exchange rate rose to 6.1490, up from 6.0340 at the close on Wednesday.

The euro/lira rate was 7.1020, compared with 6.9620 at the close on Wednesday, and the GBP/TRY exchange rate was 8.0120, versus one British pound for 7.8460 Turkish liras at the previous close.

In Borsa Istanbul's Precious Metals and Diamond Markets, the price of one ounce of gold was $1,203.00 at daily close, versus $1,202.50 at close on Wednesday.

As of 6 p.m. local time (1500GMT), the price of Brent oil stood at around $85.72 per barrel, hovering between $85.33 and $86.42 during the day.

Since the beginning of this year, Brent oil price has risen from $66 a barrel.

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