Turkish stocks end week with gains

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.

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.

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