Turkish stocks on high note at weekly open

Turkish stocks on high note at weekly open

BIST 100 index gains 8.95 points on Tuesday from last week's close, no transaction on Monday due to Victory Day

By Tuba Sahin

ANKARA (AA) - Turkey's benchmark stock index opened at 1,467.18 points on Tuesday, rising 0.61% or 8.95 points from the previous close.

At the last week's close, Borsa Istanbul's BIST 100 index was up 0.67% to 1,458.23 points, with a daily trading volume of 12.1 billion Turkish liras ($1.5 billion).

There was no transaction in Turkey's financial markets on Monday as the country marked its Victory Day on Aug. 30.

The US dollar/Turkish lira exchange rate dropped to 8.3420 as of 9:30 a.m. local time (0630GMT), versus 8.3660 on Friday.

One euro traded for 9.8700 Turkish liras versus 9.8710 at the previous close. The British pound/Turkish lira exchange rate stood at 11.5290, down from 11.5580.

One barrel of Brent crude oil was sold for around $72.06 as of 10 a.m. local time (0700GMT).

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