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UPDATE - Turkish stocks ends week up 3.71% at close

UPDATE - Turkish stocks ends week up 3.71% at close
BIST 100 index surges 3,519.11 points from Thursday's close, USD/TRY exchange rate stands around 5.78


By Aysu Bicer

ANKARA (AA) - Turkey's benchmark stock index ended Friday up 3.71% to close the day at 98,415.34 points.

Apparently buoyed by last night’s deal with the U.S. over northern Syria, the index jumped 3.70%, or 3,509.78 points to start the last transaction day of the week at 98,406.01 points.

As of the daily close, it gained 3,519.11 points from Thursday's close at 94,896.23.

During the last trading day, the index's lowest level was 98,002.23 points and the highest was 98,730.64 points.

The total market value of the BIST 100 was around 663 billion Turkish liras ($113 billion) by market close, and the daily trading volume was 6.5 billion Turkish liras ($1.1 billion).

On the last transaction day of the week, 96 stocks on the index rose, while 4 were down, compared to Thursday.

The top-listed companies by market value were Turkish conglomerate Koc Holding and private lenders Garanti and Akbank.

The highest trading volumes were posted by national flag carrier Turkish Airlines, ASELSAN, and Eregli Demir Celik.

Food industry company Tukas Gida (TUKAS) was the best performer on Friday, with its shares up 11.69%, while stocks of conglomerate Alarko Holding dropped the most, down 3.55%.

An ounce of gold sold for $1.490,00 at the weekly close in Borsa Istanbul's Precious Metals and Diamond Markets, versus $1,490.00 at the previous close.

The price of Brent oil was $59.60 per barrel as of 6.30 p.m. local time (1530GMT) on Friday -- with a daily range hovering between $59.52 and $60.27.

At the beginning of 2019, a barrel of Brent oil sold for around $53.

Exchange RatesThursdayFriday

source: News Feed
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