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Tuesday 20th March 2018

Turkish Stocks End Week with Loss

Business

7Dnews London

Sat, 09 Feb 2019 15:26 GMT

Turkey's benchmark stock index ended Friday February 8th down 0.32% to close the week at 102,451.74 points, losing 332.29 points from the previous close.

As reported by state-run Anadolu agency (AA), Borsa Istanbul's BIST 100's daily low was 102,119.23 points while it peaked at 102,742.42 points during February 8th trading -- 41 stocks on the index rose, 47 fell, and 12 were flat compared with the previous close.

The benchmark index posted a daily trade volume of 5.37 billion Turkish liras ($1.02 billion) and closed the week with a market value of around 667 billion Turkish liras ($127 billion).

The top companies of the BIST 100 were Turkish conglomerate Koc Holding, private lender Garanti Bankasi, and energy giant Tupras by market capitalization.

Top trade volumes of Friday February 8th were recorded by Garanti Bankasi, Turkey's national flag carrier Turkish Airlines, iron and steel producer Eregli Demir Celik. Stocks of sports club Besiktas (BJKAS) climbed the most -- up 12.35% -- as shares of energy company Odas Elektrik (ODAS) saw the biggest drop of the day, falling 4.98%.

By market close, the US dollar/Turkish lira exchange rate stood at 5.2460, versus 5.2530 at close on Thursday February 7th. During the week, the USD/TRY rate was stable, rising only 0.63% compared to 5.2130 at close on February 1st.

One euro traded for 5.9550 liras, as the EUR/TRY rate was 5.9640 at the previous close. The British pound/Turkish lira rate was 6.8070. One ounce of gold was sold for $1,313.10 at the daily close in Borsa Istanbul's precious metals and diamond markets, up from $1,307.00 at the previous close.


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