Turkey's Borsa Istanbul up nearly 1.6 pct at close

By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock index closed Monday at 99,547.44 points, up 1.59 percent from previous close.

Borsa Istanbul's BIST 100 index climbs 1,559.28 points from last week's close of 97,988.16 points, while it started the first business day of the week at 98,284.19 points.

The U.S. dollar/Turkish lira exchange rate fell to 6.1590 as of 5 p.m. local time (1400GMT) Monday, compared with the previous close of 6.2920.

One euro traded for 7.2780 Turkish liras at close, versus 7.3930 at Friday's close. By market close, the GBP/TRY exchange rate was 8.1170, down from 8.2270 at the previous close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold traded for $1,200.00 at Monday's close, compared with $1,206.00 at last week's close.

As of 6 p.m. local time (1500GMT), the price of Brent oil stood at $80.03 per barrel, hovering between $79.06 and $80.31 during the day. Since the beginning of this year, Brent oil price has risen from $66 per barrel.