Turkey's Borsa Istanbul up at open

Ersin Çelik
10:3114/08/2018, Tuesday
U: 14/08/2018, Tuesday
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File photo
File photo

BIST 100 climbs 2.16 pct, while Turkish lira gains value against foreign exchange currencies

Turkey's stock exchange rose 2.16 percent, or 2,004.88 points, to open at 94,689.43 points on Tuesday.

On the second transaction day of the week, the banking and holding sector indices rose 4.99 percent and 1.15 percent, respectively.

Among all sector indices, the banking sector index posted the best performance, while the construction sector index was the sole index to fall at the open, losing 2.55 percent.

On Monday, Borsa Istanbul's BIST 100 closed at 92,684.55, down 2.38 percent, or 2,255.08 points, with a trading volume of 15.5 billion Turkish liras ($2.26 billion).

Turkish lira gained in value against foreign currencies as of the beginning of Tuesday.

On Monday, Turkey's Central Bank has announced several measures to revalue Turkish liras and provide foreign exchange deposits liquidity to lenders.

The U.S. dollar/Turkish lira exchange dropped to 6.5930 as of 9.30 a.m. local time (0630GMT) on Tuesday. It was 6.8710 at Monday's close.

The euro/lira exchange rate also fell to 7.5980 by market open -- from 7.8560 at the previous close -- and one British pound traded for 8.5050 Turkish liras versus 8.5540 at the previous close.

The price of Brent oil rose slightly to $72.86 per barrel as of 10.00 a.m. local time (0700GMT) Tuesday, compared to $72.69 on Monday -- climbing from around $66 at the beginning of 2018.

#Borsa Istanbul
#BIST 100
#Brent crude oil prices
#EUR/TRY exchange rate
#GBP/TRY Exchange Rate
#Turkey's benchmark stock index
#USD/TRY exchange rate