Turkish stocks up 0.66% at weekly close

By Tuba Sahin

ANKARA (AA) - Turkey's benchmark stock index closed the week at 96,470.97 points, rising by 0.66% from the previous close.

Media reports claiming talks between Turkey and the G20 countries, including the U.S., for securing swap line seem to have buoyed investors.

Starting Friday at 96,201.31 points, Borsa Istanbul's BIST 100 index started earning 636.53 points as of daily close from Thursday's close of 95,834.44 points.

During the day, the index hovered between 95,352.47 and 97,482.88 points -- 50 stocks on the index rose, 43 were down and seven were flat compared to Thursday.

The total market value of the BIST 100 was around 676.2 billion Turkish liras ($100.3 billion) by market close, with a daily trading volume of 11.4 billion Turkish liras ($1.7 billion).

The highest trading volumes were posted by private lender Garanti BBVA, private airline company Pegasus and national flag carrier Turkish Airlines.

A Turkish conglomerate Net Holding (NTHOL), heavily involved in hotel management, was the best performer on Friday, as its shares rose by 9.88%. The stocks of real estate investment company Reysas dropped the most, losing 2.35%.

The price of one ounce of gold was $1,681.00 by market close, up from $1,661.00 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent crude oil was around $31.80 per barrel as of 6 p.m. (1500GMT) on Friday.