Turkish stocks up 1.63 pct at close

Turkish stocks up 1.63 pct at close

BIST 100 index goes up over 1,600 points from previous close, USD/TRY falls below 5.30

By Muhammed Ali Gurtas

ANKARA (AA) - Turkey's benchmark stock index surged 1.63 percent to close at 101.774.31 points on Thursday.

Starting the day at 100,453.78 points, Borsa Istanbul's BIST 100 index went up 1,633.27 points from the previous close.

The U.S. dollar/Turkish lira exchange rate was 5.2700 as of daily close, falling from 5.3120 at Wednesday's close.

One euro traded for 5.9880 liras, compared to 6.0360 at the previous close.

The British pound/Turkish lira exchange rate also fell during Thursday's trading -- standing at 6.8940 by market close, versus 6.9440 a day earlier.

One ounce of gold was sold for $1,280.25 at the daily close in Borsa Istanbul's Precious Metals and Diamond Markets, down from $1,285.50 at the previous close.

In a day-range of $60.41 to $61.38, the price of Brent oil was around $60.94 per barrel as of 6 p.m. local time (1500GMT) on Thursday.

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