Turkish stocks up 1.11 pct at midweek close

By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock surged 1.11 percent to close at 92,707.95 points on Wednesday.

Borsa Istanbul's BIST 100 index rose 1,021.60 points from the previous close, as it started the midweek trading day at 92,021.50 points.

By market close, the USD/TRY exchange rate was 5.3180, down from Tuesday's close of 5.3650. The EUR/TRY rate was 6.0670, while one euro traded for 6.1250 liras at the previous close.

The British pound/Turkish lira exchange rate was 6.8170, while it was 6.8970 at close on Tuesday.

At daily close, the price of one ounce of gold was $1,224.25 in Borsa Istanbul's Precious Metals and Diamond Markets, versus $1,224.50 at the previous close.

Hovering between $62.27 and $63.95 during the day, the price of Brent oil was around $63.45 per barrel as of 6 p.m. local time (1500GMT) Wednesday.

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UPDATE – Turkey's benchmark stock index down at close

UPDATES WITH MORE DAILY FIGURES

By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock index ended Tuesday down 3.05 percent to close at 91,686.35 points.

Starting the day at 94,279.75 points, Borsa Istanbul's BIST 100 index fell 2,884.55 points from the previous close.

The BIST 100's daily low was 91,545.81 points and it peaked at 94,391.73 points. Eleven stocks on the index rose, 87 fell and 2 were flat compared with the previous close.

The daily trade volume of the benchmark index was 6.74 billion Turkish liras ($1.26 billion).

Private lender Garanti Bank, national flag carrier Turkish Airlines, and defense company Aselsan recorded the highest trade volumes.

By market capitalization, the top listed companies were Turkish conglomerate Koc Holding ($6.88 billion), Garanti Bank ($6.25 billion), and energy company Tupras ($5.68 billion). The BIST 100's total market value was nearly 596.5 billion liras ($112 billion) on Tuesday.

Shares of Sekerbank (SKBNK), a Turkish lender, showed the best performance for the second consecutive day with a 6.03-percent hike. Stocks of Odas Elektrik (ODAS), which operates in the energy sector, posted the biggest drop, going down 13.42 percent.

Among all sector indices, the BIST insurance index showed the best performance of the day, up 2.29 percent, as the BIST mining index fell 5.71 percent, the worst of the day.

The U.S. dollar/Turkish lira exchange rate was 5.3650 by market close on Tuesday, versus 5.3350 at close on Monday.

One euro traded for 6.1250 liras, while the euro/lira exchange rate was 6.1000 at the previous close.

The British pound/Turkish lira exchange rate stood at 6.8970 at daily close, compared with Monday's close of 6.8670.

By market close, the price of one ounce of gold was $1,224.50 in Borsa Istanbul's Precious Metals and Diamond Markets, compared to $1,220.00 at the previous close.

As of 6 p.m. local time (1500GMT), the price of Brent oil was around $64.62 per barrel, hovering between $64.18 and $67.02 during the day.

UPDATE – Turkish stocks up over 1 pct at close

UPDATES WITH MORE DAILY FIGURES

By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock index went up 1.02 percent to close at 94,570.90 points on Monday.

Starting the day at 93,568.15 points, Borsa Istanbul's BIST 100 index ended the day with a 954.45-point hike from last week's close.

During Monday's trading, the BIST 100 peaked at 94,602.73 points, while 66 stocks on the index rose, 23 fell and 11 were flat compared with the previous close.

The country's national flag carrier Turkish Airlines, lenders Garanti Bankasi and Halkbank posted the highest trade volumes, as the BIST 100's daily trade volume was around 5.78 billion Turkish liras ($1.08 billion).

The benchmark index had a total market value of some 614 billion liras ($115 billion) at close, while the leading companies were Turkish conglomerate Koc Holding ($7.12 billion), Garanti Bankasi ($6.36 billion), and energy giant Tupras ($5.86 billion).

Stocks of Sekerbank (SKBNK), a Turkish lender, showed the best performance, up 19.59 percent, and shares of Turkish conglomerate Ittifak Holding (ITTFH) dropped 5.65 percent, the worst performance on Monday.

Among all sectors, the BIST mining index was the top gainer, rising 3.88 percent, as the BIST metal products machinery index recorded the largest decline, falling 1.57 percent.

By market close, the U.S. dollar/Turkish lira exchange rate was 5.3350, up from 5.3410 at the previous close.

The euro/Turkish lira rate stood at 6.1000, compared with 6.0930 at close on Friday.

The GBP/TRY exchange rate was 6.8670 at close, while one British pound traded for 6.8840 Turkish liras at the previous close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold was sold for $1,220.00 at close on Monday, up from $1,215.85 at Friday's close.

Hovering between $65.28 and $67.63 during the day, the price of Brent oil was around $66.30 per barrel as of 6.45 p.m. local time (1545GMT) Monday.

Turkish stocks up over 1 pct at close

By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock index went up 1.02 percent to close at 94,570.90 points on Monday.

Starting the day at 93,568.15 points, Borsa Istanbul's BIST 100 index ended the day with a 954.45-point hike from last week's close.

By market close, the U.S. dollar/Turkish lira exchange rate was 5.3350, up from 5.3410 at the previous close.

The euro/Turkish lira rate stood at 6.1000, compared with 6.0930 at close on Friday.

The GBP/TRY exchange rate was 6.8670 at close, while one British pound traded for 6.8840 Turkish liras at the previous close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold was sold for $1,220.00 at close on Monday, up from $1,215.85 at Friday's close.

Hovering between $65.28 and $67.63 during the day, the price of Brent oil was around $66.30 per barrel as of 6.45 p.m. local time (1545GMT) Monday.

UPDATE – Turkish wrestler wins gold in wrestling championships

UPDATE WITH MORE MEDAL

By Faruk Zorlu and Ercan Dogan

ANKARA (AA) – Turkish wrestler Cengiz Arslan won gold in the Senior U23 World Wrestling Championships on Wednesday, which was held in the Romanian capital of Bucharest.

Arslan claimed the medal after beating Georgia's Ramaz Zoidze in the final match of the men’s Greco-Roman style 72-kilogram category.

He beat his opponent 2-1.

Turkish President Recep Tayyip Erdogan congratulated Arslan on his win.

The championship will continue until Sunday.

Also, in U23 World Wrestling Championships, Turkey's Kerem Kamal won a bronze medal in the 60-kg category.

Osman Yildirim, competing in Greco-Roman wrestling in the 130-kg category, won a silver medal on Tuesday.

Fatih Cengiz, also competing in Greco-Roman wrestling, came third place in the 77-kg category. Arslan also won bronze on Tuesday.

With a gold, a silver and two bronze medals, Turkey became third in the world in the Greco-Roman style.

Iran executes ‘Sultan of Gold Coin’

By Ahmet Dursun

ANKARA (AA) – Iranian authorities on Wednesday executed a gold dealer known as “Sultan of Gold Coin” for allegedly “disrupting” the country’s economic system.

Vahid Mazloumin and his assistant Mohammed-Esmaeil Qassemi were hanged in the capital Tehran, the official Iranian television said.

Mazloumin and his assistant were arrested by Iranian authorities in July for allegedly hoarding gold with a view to manipulating the local currency market and making illegal profits.

The Islamic Revolutionary Court – which deals with national security issues – had sentenced the two men to death in October.

The execution comes as Iranian authorities are struggling to keep the economy under control in the face of U.S. economic sanctions.

In August, the U.S. imposed fresh economic sanctions on Iran, which mainly targeted the country’s banking sector, a few months after Washington withdrew from a 2015 nuclear deal with Tehran.

A second phase of sanctions targeting Iran’s energy sector officially started on Nov. 5. However, Washington granted temporary waivers to 8 biggest buyers of Iranian oil, including Turkey, for a 180-day period.

UPDATE – Turkish stocks end week with losses

UPDATES WITH MORE DAILY FIGURES

By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock index went down 0.71 percent to close the week at 92,839.21 points on Friday.

Starting the day at 93,297.72 points, Borsa Istanbul's BIST 100 index ended the day with 667.01 point fall from Thursday's close.

On a weekly basis, the index dropped 1.36 percent, compared with last Friday's close of 94,123.02 points.

On Friday, the BIST 100's daily low was 92,127.06 and it peaked at 93,697.88 points. Compared to the previous close, 26 stocks on the index rose, 66 fell, and eight were flat.

By market capitalization, the top shares were Turkish conglomerate Koc Holding ($7.21 billion), private lender Garanti Bankasi ($6.07 billion), and iron and steel producer Eregli Demir Celik ($5.89 billion). The total market value of the benchmark index was around 605.6 billion liras ($112 billion).

The total trading volume of the benchmark index was 6.5 billion liras ($1.18 billion), with the highest trade volumes recorded by national flag carrier Turkish Airlines, Garanti Bankasi, defense company Aselsan, iron and steel producer Kardemir, and state-run lender Halkbank.

Stocks of Turkish conglomerate Ittifak Holding (ITTFH) showed the best performance for the second day in a row — up 9.29 percent — while shares of Aksa Enerji (AKSA), heavily involved in the energy sector, did the worst, falling 19.80 percent.

Among all sectors, the BIST transportation index surged the most with a 3.14-percent hike, while the BIST electricity index fell 4.44 percent — worst of the day.

By market close, the U.S. dollar/Turkish lira exchange rate rose to 5.4800, up from 5.4160 at the previous close.

The euro/Turkish lira rate was 6.2190, versus 6.2060 at Thursday's close.

The GBP/TRY exchange rate was 7.1380 at close, as one British pound traded for 7.1130 Turkish liras at the previous close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold was sold for $1,220 at weekly close, down from $1,224 at Thursday's close.

Hovering between $69.15 and $70.99 during the day, the price of Brent oil was around $69.45 per barrel as of 6 p.m. local time (1500GMT) Friday.

At the beginning of this year, one barrel of Brent oil was sold for $66.

UPDATE – Turkish stocks end day down

UPDATES WITH MORE DAILY FIGURES

By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock index went down 2.08 percent to close at 93,506.22 points on Thursday.

Starting the day at 95,521.71 points, Borsa Istanbul's BIST 100 index ended the day with a 1,987.08-point fall from Wednesday's close.

The BIST 100 hovered between 93,258.07 and 95,641.80 points during Thursday's trading. Compared to the previous close, 20 stocks on the index rose and 80 fell.

At closing, the leading shares of the BIST 100 by market capitalization were Turkish conglomerate Koc Holding ($7.32 billion), private lender Garanti Bankasi ($6.21 billion), and iron and steel producer Eregli Demir Celik ($5.88 billion). The total market value of the benchmark index was around 610 billion liras ($114 billion).

The total trading volume of the benchmark index was 7.55 billion liras ($1.39 billion), while the highest trade volumes posted by national flag carrier Turkish Airlines, lenders Garanti Bankasi and Halkbank, telecommunication company Turk Telekom, defense company Aselsan.

Stocks of Gentas (GENTS), operating in wooden products market, posted the largest decline with a 13.23-percent drop, and shares of Turkish conglomerate Ittifak Holding (ITTFH) climbed the most on Thursday, rising 4.57 percent.

Among all sectors, the BIST leasing factoring index showed the top performance, up 2.56 percent, as the BIST chemical petrol plastic index fell 5.95 percent — worst of the day.

By market close, the U.S. dollar/Turkish lira (USD/TRY) exchange rate was 5.4160, versus 5.3650 at the previous close.

The euro/lira rate rose to 6.2060, compared with 6.1630 at Wednesday's close.

The GBP/TRY rate stands at 7.1130 at close, up from 7.0630 liras at the previous close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold was sold for $1,224 at Thursday's close, down from $1,233 at Wednesday's close.

Hovering between $71.31 and $73.08 during the day, the price of Brent oil was around $71.88 per barrel as of 6.15 p.m. local time (1515GMT) Thursday.

At the beginning of this year, one barrel of Brent oil sold for $66.

Turkish stocks end day down

By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock index went down 2.08 percent to close at 93,506.22 points on Thursday.

Starting the day at 95,521.71 points, Borsa Istanbul's BIST 100 index ended the day with a 1,987.08-point fall from Wednesday's close.

By market close, the U.S. dollar/Turkish lira (USD/TRY) exchange rate was 5.4160, versus 5.3650 at the previous close.

The euro/lira rate rose to 6.2060, compared with 6.1630 at Wednesday's close.

The GBP/TRY rate stands at 7.1130 at close, up from 7.0630 liras at the previous close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold was sold for $1,224 at Thursday's close, down from $1,233 at Wednesday's close.

Hovering between $71.31 and $73.08 during the day, the price of Brent oil was around $71.88 per barrel as of 6.15 p.m. local time (1515GMT) Thursday.

At the beginning of this year, one barrel of Brent oil sold for $66.

UPDATE – Turkish stocks end week with gains

UPDATES WITH MORE DAILY FIGURES

By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock index ended Friday up 1.88 percent to close at 94,123.02 points.

Starting the last business day of the week at 93,006.52 points, Borsa Istanbul's BIST 100 index ended the day up 1,735.61 points from Thursday's close.

On a weekly basis, the index surged 3.95 percent, compared with last Friday's close of 90,541.53 points. Last month, the BIST 100 saw a fall of 8.46 percent.

The BIST 100 hovered between 92,478.02 and 94,570.59 points during Friday's trading. Compared to the previous close, 66 stocks on the index rose, 20 fell, and 14 were flat.

At weekly close, the leading shares of the BIST 100 by market capitalization were Turkish conglomerate Koc Holding ($6.91 billion), energy giant Tupras ($5.93 billion), and iron and steel producer Eregli Demir Celik ($5.88 billion), while the total market value of the benchmark index was nearly 612.5 billion liras ($110 billion).

Friday's total trading volume of the benchmark index was 8.86 billion liras ($1.62 billion), as the highest trade volumes posted by national flag carrier Turkish Airlines, private lender Garanti, defense company Aselsan, state-run lender Halkbank, iron and steel producer Kardemir.

Shares of Kardemir (KRDMD) showed the top performance by gaining 8.33 percent in value, while stocks of energy company Odas Elektrik (ODAS) recorded the largest decline, falling 6.73 percent.

Among all sectors, the BIST basic metal index increased the most on Friday, up 5.88 percent. The BIST mining and real estate investment trust indices were the only sectors ended the day with loss, going down 0.05 and 0.03 percent, respectively.

By market close, the U.S. dollar/Turkish lira (USD/TRY) exchange rate was 5.4140, versus 5.5560 at the previous close. This week the lira gained 3.9 percent against the dollar.

The euro/lira rate fell to 6.1890, compared with 6.3500 at Thursday's close.

The GBP/TRY rate was 7,0730 at close, down from 7,1900 liras at the previous close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold was sold for $1,232.40 at Friday's close, up from $1,230.20.

After hovering between $72.44 and $73.49 during the day, the price of Brent oil was around $72.65 per barrel as of 6 p.m. local time (1500GMT) Friday.

At the beginning of this year, one barrel of Brent oil sold for $66.