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UPDATE - Turkish stocks rise over 1.5% at Thursday's close

UPDATE - Turkish stocks rise over 1.5% at Thursday's close
BIST 100 index gains 16.91 points from previous close as Turkish Central Bank raises interest rates


By Tuba Sahin

ANKARA (AA) - Turkey's benchmark stock index ended Thursday up 1.53% to close at 1,119.56 points, as the country's Central Bank raised interest rates by 200 basis points to 10.25%.

After starting at 1,097.87 points on Thursday, Borsa Istanbul's BIST 100 index rose 16.91 points from 1,102.65 points at Wednesday's close.

During the day, it hovered between 1,097.01 and 1,120.73 points -- 65 stocks on the index rose, 31 fell and four were flat compared to Wednesday.

The total market value of the BIST 100 was around 826.6 billion Turkish liras ($108 billion) by market close, with a daily trading volume of some 21 billion Turkish liras ($2.8 billion).

The highest trading volumes were posted by private lenders Garanti and Akbank and prominent Turkish conglomerate Sabanci Holding on Thursday.

Stocks of Garanti BBVA was the best performer, with its shares up 6.53%, while telecommunication systems integration provider Netas dropped the most, losing 3.22%.

One ounce of gold sold for $1,852.25 by market close, slipping from $1,884.30, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent oil was $41.58 per barrel as of 6 p.m. local time (1500GMT) on Thursday, with a daily range of $41.26 to $41.99.

Exchange RatesWednesdayThursday

source: News Feed
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