Economy

Turkey's Borsa Istanbul down at close

BIST 100 index falls 2.19 pct; US dollar/Turkish lira and euro/Turkish lira rates climb to 3.91 and 4.61 respectively

Dilara Zengin  | 20.11.2017 - Update : 20.11.2017
Turkey's Borsa Istanbul down at close

Ankara

By Dilara Zengin

ANKARA

Turkey's benchmark stock index closed the first day of week down 2.19 percent at 103,911.94 points on Monday.

Borsa Istanbul's BIST 100 index declined 2,327.51 points from Friday's close of 106,239.46 points with a total trading volume of 5.7 billion Turkish liras (nearly $1.5 billion).

The banking and holding sector indices fell 3.89 and 2.22 percent, respectively.

Among all sectors, the tourism sector index was the top performer -- up 2.12 percent -- while the banking sector index suffered the biggest drop.

The stocks of private lender ICBC Turkey Bank performed best, up 7.69 percent, while systems integration provider Netas Telekomunikasyon's (NETAS) stocks suffered the most, falling 8.23 percent.

The top 5 most-traded stocks were national flag carrier Turkish Airlines, defense giant Aselsan, private lender Garanti, state lender Halkbank and real estate investment trust Emlak Konut GMYO.

The U.S. dollar/Turkish lira exchange rate rose to 3.9180 as of 5 p.m. local time (1400GMT) Monday, up from 3.8890 at Friday's close.

The euro/lira exchange rate also increased to 4.6130 by market close, up from Friday's close at 4.5880.

The BIST Gold Exchange index gained 0.91 percent in value, while the price of gold per kilogram rose to 162,750 Turkish liras (around $41,530) as of 4.30 p.m. local time (1330GMT), compared with Friday's closing price of 160,870 Turkish liras ($41,373).

As of 6.30 p.m. local time (1530GMT) Monday, the price of brent oil was $61.73 per barrel, compared with $62.09 of previous close.


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