Turkey's Borsa Istanbul up at open

By Tuba Sahin

ANKARA (AA) – Turkey's stock exchange started the week up 0.12 percent, or 118.30 points, to open at 100,075.20 points.

The BIST banking and holding sector indices rose 0.22 percent and 0.25 percent, respectively, on Monday.

Among all sector indices, the leasing factoring sector index posted the best performance, up 1.03 percent, while the wholesale retail trade sector index performed the worst, losing 0.68 percent.

Last week, Borsa Istanbul's BIST 100 closed Friday at 99,956.90, up 0.34 percent, or 341.83 points, with a trading volume of 10.05 billion Turkish liras ($1.67 billion).

The U.S. dollar/Turkish lira exchange rate dropped to 6.0150 as of 9.30 a.m. local time (0630GMT) on Monday, versus 6.0230 at Friday's close.

The euro/lira exchange rate also fell to 6.9700 by market open — from 6.9750 at the previous close — and one British pound traded for 7.8320 Turkish liras versus 7.8150 on Friday.

The price of Brent oil stood at $83.02 per barrel as of 10.00 a.m. local time (0700GMT) Monday, compared to $82.73 at the previous close.

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