Turkey's Borsa Istanbul ends week below 100,000 points

By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock index ended Friday down 0.34 percent to close at 99,956.90 points.

Borsa Istanbul's BIST 100 index saw 341.83-point fall from Thursday's close of 100,298.73 points, while it started the last trading day at 100,427.37 points.

On a weekly basis, the benchmark index surged two percent, compared with its close at 97,988.16 points on Sept. 21.

By market close, one U.S. dollar traded for 6.0230 Turkish liras, versus 5.9950 at Thursday's close. This week, the USD/TRY rate recorded a 4.27-percent drop compared with last Friday's close.

The euro/lira rate was 6.9750, down from 7.0250 at the previous close, and the GBP/TRY exchange rate fell to 7.8150, while one British pound traded for 7.8920 Turkish liras at Thursday's close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold traded for $1,182.80 at weekly close, compared with $1,195.50 at close on Thursday.

As of 6:15 p.m. local time (1515GMT), the price of Brent oil stood at around $82.72 per barrel, hovering between $81.29 and $82.88 through Friday.

Since the beginning of this year, Brent oil price has risen from $66 a barrel.