Turkey’s benchmark stock index starts on red side


(MENAFN) The benchmark stock index for Turkey started the day at 2,489.74 points, down 64.34 points, or 2.52 percent, from the prior ending.

With a daily transaction turnover of 34.99 billion Turkish liras (USD2 billion), the BIST 100 index of Bursa Istanbul increased by 0.43 percent to settle at 2,554.08 points on Friday.

The Turkish lira strengthened against foreign currencies following the banking watchdog’s ruling on late Friday that restricts commercial loans for corporations having a particular amount of foreign currency.

As of 10 am regional time (0700 GMT), the United States dollar/Turkish lira exchange price fell to 16.5870 from 17.3700 at the prior closure.

A British pound was worth 20.3650 Turkish liras, down from 21.3980 at the conclusion of the prior week, as well as the euro/lira exchange rate dropped to 17.5095 from 18.3120.

An ounce of gold cost USD1,838.75, whereas Brent crude oil was selling for about USD108.98 a barrel.

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