Economy

Turkey's Borsa Istanbul opens day down

BIST 100 index starts day with over 1 percent fall; US dollar/Turkish lira rate climbs to 3.96

Muhammed Ali Gürtaş  | 23.03.2018 - Update : 23.03.2018
Turkey's Borsa Istanbul opens day down

Ankara

By Muhammed Ali Gurtas

ANKARA

Turkey's benchmark stock index started the day by going down 1.02 percent or 1,195.94 points to open at 115,914.31 points on Friday.

On Friday morning, the banking and holding sector indices declined by 1.46 percent and 0.69 percent, respectively. The BIST mining index showed the worst performance at the open -- down 1.96 percent -- while all sector indices recorded a fall.

On Thursday, Borsa Istanbul's BIST 100 index fell by 0.46 percent to close at 117,110.25 points -- with a 6.6 billion-Turkish lira ($1.68 billion) trade volume -- hovering between 117,072.02 points and 118,589.72 points.

The U.S. dollar/Turkish lira exchange rate climbed to 3.9620 as of 9.30 a.m. local time (0630GMT), compared with Thursday's closing rate of 3.9310.

The euro/lira rate rose to 4.8900 on Friday morning, up from 4.8460 at the previous close.

The price of Brent oil was $69.53 per barrel as of 10.25 a.m. local time (0725GMT) Friday, versus price corridor of $68.5-$69.8 on Thursday.

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