Turkish stocks flat at open

Turkish stocks flat at open

BIST 100 index rises 0.02 percent while US dollar/Turkish lira rate stands at 3.57

By Dilara Zengin

ANKARA (AA) - Turkey's benchmark index started the day with a 21.50-point increase to open at 97,734.44 points on Friday.

On the last transaction day of the week, the BIST 100 index rose by 0.02 percent.

The banking sector index went down by 0.07 percent while the holding sector index advanced 0.05 percent.

Among all sectors, the electricity sector index was the best performer with a 0.65-percent rise while the leasing and factoring sector index started the day with the biggest decline, falling by 0.48 percent.

At closing on Thursday, the BIST 100 was down 600.82 points or 0.61 percent to reach 97,712.94 points, with a total trading volume of 6.7 billion Turkish liras (approximately $1.88 billion), after recording its highest close of all times with 98,313.77 points on Wednesday.

The U.S. dollar/Turkish lira exchange rate fell to 3.5730 at 9.30 a.m. local time (0630GMT) Friday, compared with 3.5650 at Thursday’s close.

Meanwhile, Turkey's economic confidence index increased by 1.1 percent to 100.5 points in May compared to the previous month, TurkStat said in a statement Friday.

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