UPDATE - Turkey's benchmark stock index ends week down

UPDATE - Turkey's benchmark stock index ends week down

BIST 100 index falls over 3,500 points from previous close, USD/TRY exchange rate stands around 5.62

UPDATES WITH MORE DAILY FIGURES

By Muhammed Ali Gurtas

ANKARA (AA) - Turkey's benchmark stock index ended the week down 3.45 percent to close at 99,835.31 points on Friday.

After starting the day at 103,653.50 points, Borsa Istanbul's BIST 100 index fell 3,572.48 points from the previous close.

On a weekly basis, the benchmark index posted 3.36 percent decline, as it has surged around 12.34 percent since the beginning of 2019.

During Friday's trading, the BIST 100's daily low was 99,652.38 points while it peaked at 103,755.75 points -- six stocks on the index rose and 94 fell compared to the previous close.

The index posted a daily trading volume of some 9.25 billion Turkish liras ($1.67 billion), closing the week with a market value of around 655 billion Turkish liras ($120 billion).

By market capitalization, the leading companies of the BIST 100 were Turkish conglomerate Koc Holding, private lender Garanti Bankasi, and energy company Tupras.

The highest trading volumes were seen in stocks of Garanti Bankasi, Turkey's national flag carrier Turkish Airlines, and iron and steel producer Kardemir.

Shares of Anadolu Cam (ANACM) operating under one of the world's major glass manufacturers -- Turkey's Sisecam -- showed the top performance, up 2.30 percent, and stocks of telecommunication giant Turk Telekom (TTKOM) did the worst, falling 9.11 percent.

One ounce of gold was sold for $1,313.15 at the daily close in Borsa Istanbul's Precious Metals and Diamond Markets, versus $1,320.00 at the close on Thursday.

With a day range of $66.52 to $67.97, the price of Brent oil was around $66.63 per barrel as of 6.15 p.m. local time (1515GMT) on Friday.

At the beginning of 2019, the price of Brent oil was around $53 per barrel.


Exchange RatesThursdayFriday
USD/TRY5.4610
5.6210
EUR/TRY6.2330
6.3530
GBP/TRY7.2090
7.4110



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