Turkey's Borsa Istanbul ends week with gains

By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock index closed Friday up 0.36 percent at 94,759.64 points.

Borsa Istanbul's BIST 100 index climbed 340.49 points from Thursday's close of 94,419.15 points, while it recorded a 1.6 percent hike on a weekly basis.

The U.S. dollar/Turkish lira exchange rate fell to 6.1350 as of 5 p.m. local time (1400GMT) Friday, compared with 6.1590 at the previous close. The USD/TRY rate saw a weekly fell of nearly 5 percent.

One euro traded for 7.1620 Turkish liras by market close, while the EUR/TRY exchange rate was 7.2180 at Thursday's close. The GBP/TRY exchange rate was 8.0540 at Friday's close, while one British pound traded for 8.1190 Turkish liras at the previous close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold traded for $1,205 by market close on Friday, while it was $1,206 at the previous close.

As of 6 p.m. local time (1500GMT), the price of Brent oil stood at $77.67 per barrel — hovering between $77.41 and $78.63 during Friday — climbing from around $66 at the beginning of 2018.

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