Borsa Istanbul flat at weekly close

ISTANBUL

Turkey’s benchmark stock index closed the week flat at 1,426.03 points.

Starting the day at 1,432.68 points, Borsa Istanbul's BIST 100 index earned just 0.03 points over Thursday's close of 1,426.00 points.

During the day, the index hovered between 1,422.71 and 1,438.49 points -- 34 stocks on the index rose, 59 fell, and seven were flat compared to the previous close.

The total market value of the BIST 100 was around 1 trillion Turkish liras ($132.3 billion) by market close, with a daily trading volume of 23.5 billion Turkish liras (nearly $3.1 billion).

The highest trading volumes were posted by gold miner Koza Altin, the fertilizer manufacturer Gubre Fabrika, and mining company Koza Madencilik.

Paper and carton producer Kartonsan was the best performer, with its shares up 10.01%, while stocks of Borusan Mannesmann, a prominent pipe manufacturer, dropped the most with 9.98%.

The price of one ounce of gold was $1,862.00 by market close, up from $1,860.00 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent crude oil was $51.37 per barrel as of 6.15 p.m. local time (1515GMT) on Friday.