Turkish stocks rise over 1.5% at Thursday's close

BIST 100 index gains 16.91 points from previous close as Turkish Central Bank raises interest rates

By Tuba Sahin

ANKARA (AA) – Turkey's benchmark stock index ended Thursday up 1.53% to close at 1,119.56 points, as the country's central bank raised interest rates by 200 basis points to 10.25%.

After starting at 1,097.87 points on Thursday, Borsa Istanbul's BIST 100 index rose 16.91 points from 1,102.65 points at Wednesday's close.

One ounce of gold sold for $1,852.25 by market close, slipping from $1,884.30, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent oil was $41.58 per barrel as of 6 p.m. local time (1500GMT) on Thursday, with a daily range of $41.26 to $41.99.