Turkish stocks up 1.27 percent at close

By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock index ended Monday up 1.27 percent to close at 96,087.27 points.

Borsa Istanbul's BIST 100 index surged 1,203.80 points, up from 94,883.47 points at Friday's close, while it started the first trading day at 94,132.17 points.

By market close, the USD/TRY exchange rate was stable at 6.1260, compared with last week's close of 6.1280.

The euro/lira rate was 7.0340, down from 7.0640 at the previous close, and one British pound traded for 8.0100 Turkish liras, while the GBP/TRY exchange rate was 8.0370 at close on Friday.

In Borsa Istanbul's Precious Metals and Diamond Markets, the price of one ounce of gold was $1,193.70 at the daily close, while the price was $1,202.90 at close on Friday.

As of 6 p.m. local time (1500GMT), the price of Brent oil stood at around $83.44 per barrel, hovering between $82.67 and $83.97 during Monday's trading.

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