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UPDATE - Turkish stocks end week down 0.64%

UPDATE - Turkish stocks end week down 0.64%
Borsa Istanbul's BIST 100 index slips 7.7 points from previous close


By Tuba Sahin

ANKARA (AA) - Turkey's benchmark stock index closed the week at 1,190.63 points on Friday, dropping 0.64% from the previous close.

After starting the day at 1,200.38 points, Borsa Istanbul's BIST 100 index fell 7.69 points from 1,198.32 points at Thursday's close.

On Friday, the BIST 100 hovered between 1,179.46 and 1,204.55 points – 33 stocks on the index rose, 65 fell, and two were flat compared to the previous close.

Closing the day with a market value of some 876.1 billion Turkish liras ($112.3 billion), the benchmark index posted a daily trading volume of 20.6 billion Turkish liras ($2.6 billion).

Shares of Turkish Industrial Development Bank, private lender Garanti BBVA, and glass maker Sise Cam saw the highest trading volumes.

Stocks of major cardboard producer Kartonsan (KARTN) posted the best performance, rising 9.99%, while shares of private lender Sekerbank (SKBNK) suffered the most, losing 6.03%.

One ounce of gold sold for $1,909.10 by market close, down from $1,900.45 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent crude oil was around $42.26 per barrel as of 6 p.m. local time (1500GMT) on Friday, with a day range of $42.18 to $42.79.

At the beginning of this year, a barrel of Brent oil sold for around $58.

Exchange RatesThursdayFriday

source: News Feed
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