BIST 100 rises to over 96,000 points, Turkish lira gains ground
By Tuba Sahin
Turkey’s stock exchange rose 0.21 percent, or 199.04 points, to open at 96,146.78 points on Tuesday.
The BIST banking and holding sector indices increased 0.29 percent and 0.24 percent, respectively.
Among all sector indices, the electricity sector index posted the best performance, up 0.81 percent, and the sports sector index was the worst, down 0.36 percent.
On Monday, Borsa Istanbul’s BIST 100 closed at 95,947.73, up 1.94 percent, or 1,824.71 points.
The USD/TRY exchange rate fell to 5.3560 as of 9.30 a.m. local time (0630GMT) on Tuesday. It was 5. 5.4050 at Monday’s close.
The euro/lira exchange rate also dropped to 6.1160 by market open — from 6.1590 at the previous close — and one British pound traded for 7.0150 Turkish liras versus 7.0510 at the previous close.
The price of Brent oil stood at $72.75 per barrel as of 10.00 a.m. local time (0700GMT) Tuesday, while it was sold for $66 at the beginning of this year.