UPDATE – Turkey's Borsa Istanbul ends day with gains


By Jeyhun Aliyev

ANKARA (AA) – Turkey's benchmark stock index went up 2.83 percent to close at 93,866.94 points with a trading volume of 7.1 billion Turkish liras ($1.13 billion) on Tuesday.

Borsa Istanbul's BIST 100 index ended the day with a 2,582.90-point hike from Monday's close of 91,284.04 points, while it started the day at 91,274.50 points.

The benchmark index hovered between 90,991.60 points and 93,974.61 points, while 93 stocks on the index were on the rise, five on the decline and two flat compared to the previous close last week.

The total market value of listed shares on the BIST 100 was around 618.27 billion Turkish liras ($99.88 billion) at close, while the banking and holding sector indices gained 3.37 percent and 2.92 percent, respectively.

Among all sectors, the leasing factoring sector index was the top gainer, up 5.26 percent, while the telecommunication sector index was the sole sector to drop, losing 0.15 percent.

Shares of the real estate investment trust, Ihlas Gayrimenkul (IHLGM), climbed the most, up 8.55 percent, while stocks of conglomerate Dogan Holding (DOHOL) did the worst, falling 3.62 percent.

The BIST 100's most-traded listed companies were national flag carrier Turkish Airlines, defense company Aselsan, private lender Garanti, leading petrochemicals producer Petkim and iron/steel producer Kardemir.

One U.S. dollar traded for 6.2320 Turkish liras as of 5 p.m. local time (1400GMT), up from 6.1870 at Monday's close.

The euro/lira exchange rate was 7.3050 by market close, versus 7.2110 at the previous close, and one British pound traded for 8.0470 Turkish liras, while the GBP/TRY rate was 7.9600 at Monday's close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold traded for $1,210.35 as of 4.30 p.m. local time (1330GMT) Tuesday, up from $1,203 at the previous close.

As of 6 p.m. local time (1500GMT), the price of Brent oil stood at $76.58 per barrel — hovering between $76.32 and $77.23 during the day — climbing from around $66 at the beginning of 2018.