Turkish stocks see new all-time high at Thursday close

By Tuba Sahin

ANKARA (AA) - Turkey's benchmark stock index hit a new all-time high on Thursday to close at 1,426.00 points, up 0.59% from previous close with the backing of Central Bank's hike in interest rate.

Starting the day at 1,423.88 points, Borsa Istanbul's BIST 100 index rose 8.34 points over the midweek's close of 1,417.66 points.

The Turkish Central Bank raised interest rates by 200 basis points from 15% to 17% while stressing its determination to fight inflation.

One ounce of gold sold for $1,860.00 by market close, slightly down from $1,860.65 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent crude oil was around $50.98 per barrel as of 6.00 p.m. local time (1500GMT) on Thursday, with a daily range of $50.69 to $51.77