UPDATE – Turkey's Borsa Istanbul up over 2 pct at close


By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's benchmark stock index went up 2.11 percent to close at 96,161.04 points on Tuesday.

Borsa Istanbul's BIST 100 index ended the day with a 1,987.06-point hike from Monday's close of 94,173.97 points, while it started the day at 94,585.23 points.

The total market value of listed shares on the BIST 100 was 633.18 billion Turkish liras ($123.03 billion) at the close, while the total trade volume of the benchmark index was around 8.73 billion Turkish liras ($1.65 billion).

The benchmark index hovered between 94,369.28 points and 96,420.63 points during trading hours, while 73 stocks on the BIST 100 rose, 21 fell, and six were flat compared to the previous close.

Among all sectors, the BIST banking index was the top gainer, up 3.57 percent, while the BIST tourism index fell the most with a 1.63 percent decline.

Stocks of Odas Elektrik (ODAS), an energy company, recorded the worst performance, down 3.43 percent, and shares of leading airport operator TAV Airports Holding (TAVHL) showed the best performance of the day with an 8.07 percent increase.

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

One U.S. dollar traded for 5.2880 Turkish liras as of 5 p.m. local time (1400GMT), up from 5.1930 at Monday's close.

The euro/lira exchange rate was 6.1340 by market close, versus 5.9990 at the previous close, and one British pound traded for 6.8620 Turkish liras, while the GBP/TRY rate was 6.7140 at Monday's close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold traded for $1,214.30 as of 4.30 p.m. local time (1330GMT) Tuesday, up from $1,208.50 at the previous close.

As of 6 p.m. local time (1500GMT), the price of Brent oil stood at $74.67 per barrel — hovering between $73.56 and $74.90 during Tuesday — climbing from around $66 at the beginning of 2018.