Turkish stocks up at open

BIST 100 index starts day up 0.64 percent; USD/TRY rate falls to around 3.86

By Muhammed Ali Gurtas

ANKARA (AA) - Turkey's benchmark stock index started day with a 0.64 percent hike to open at 105,889.01 points on Tuesday.

Borsa Istanbul's BIST 100 index rose 674.14 points at the opening session. The index was up 1.6 percent to 105,214.87 points with a 5 billion Turkish lira ($1.3 billion) trade volume at Monday's close.

At the opening session on Tuesday morning, the banking and holding sector indices rose by 0.94 and 0.47 percent, respectively. The wholesale and retail trade sector performed the best at the opening -- up 1.03 percent -- while all sector indices recorded a rise.

One U.S. dollar traded for 3.8650 Turkish liras as of 9.30 a.m. local time (0630GMT) Tuesday, compared with the Monday's closing USD/TRY rate at 3.8970. The USD/TRY exchange rate was 3.9250 last Friday, after climbing to nearly 3.97 -- its historic high -- last month.

The EUR/TRY rate rose to 4.5880 on Tuesday morning, down from 4.6180 at the close on Monday.

The price of Brent oil fell to $62.36 per barrel as of 9.45 a.m. local time (0645GMT) Tuesday, compared with Monday's close at $62.74.

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