Turkish stocks end week with losses

By Muhammed Ali Gurtas

ANKARA (AA) - Turkey's benchmark stock index went down 0.71 percent to close the week at 92,839.21 points on Friday.

Starting the day at 93,297.72 points, Borsa Istanbul's BIST 100 index ended the day with 667.01 point fall from Thursday's close.

On a weekly basis, the index dropped 1.36 percent, compared with last Friday's close of 94,123.02 points.

By market close, the U.S. dollar/Turkish lira exchange rate rose to 5.4800, up from 5.4160 at the previous close.

The euro/Turkish lira rate was 6.2190, versus 6.2060 at Thursday's close.

The GBP/TRY exchange rate was 7.1380 at close, as one British pound traded for 7.1130 Turkish liras at the previous close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold was sold for $1,220 at weekly close, down from $1,224 at Thursday's close.

Hovering between $69.15 and $70.99 during the day, the price of Brent oil was around $69.45 per barrel as of 6 p.m. local time (1500GMT) Friday.

At the beginning of this year, one barrel of Brent oil was sold for $66.