UPDATE - Turkey's Borsa Istanbul ends week down

UPDATE - Turkey's Borsa Istanbul ends week down

BIST 100 index drops nearly 1,000 points from previous close

By Gokhan Ergocun

ANKARA (AA) - Turkey's benchmark stock index closed Friday at 96,454.57 points, down 1.03 percent.

Borsa Istanbul's BIST 100 index dropped 999.39 points from Thursday's close of 97,453.96 points, while it started the day at 97,819.88 points.

The benchmark index hovered between 96,335.38 points and 97,933.48 points, while 25 stocks were on the rise, 68 on the decline, and seven flat compared to the previous close.

The total market value of listed shares on the BIST 100 was 631.2 billion liras ($113.7 billion) at close, while the banking and holding sectors indices lost 1.65 percent and 1.66 percent, respectively. The trade volume was 7.3 billion Turkish liras ($1.3 billion) at close.

Among all sectors, the telecommunications sector index was the best performer, up 2.53 percent, while the leasing factoring sector index saw a decline, down 2.40 percent.

Stocks of diesel engine and tractor manufacturer Tumosan Motor climbed the most, up 8.54 percent, while the stocks of fertilizer provider Gubretas did the worst, falling 5.33 percent.

The BIST 100's most-traded listed companies were national flag carrier Turkish Airlines, private lender Garanti, state lender Halkbank, petrochemical company Petkim, and defense company Aselsan.

The U.S. dollar/Turkish lira exchange rate rose to 5.6450 as of 5 p.m. local time (1400GMT) Friday, up from 5.5820 at the close on Thursday.

This week the Turkish lira gained around 5 percent in value against the U.S. dollar, falling to 5.64 from 5.93 at last week's close.

One euro traded for 6.4890 Turkish liras at close, up from 6.4210 at Thursday's close.

By market close, the GBP/TRY exchange rate was 7.3670, versus 7.3200 at the previous close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold traded for $1,230.00, up from Thursday's close of $1,224.00.

As of 6 p.m. local time (1500GMT), the price of Brent oil rose to $80.47 per barrel, compared with $79.59 at Thursday's close.

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