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Markets

Turkey's Borsa Istanbul down at close

ANKARA: Turkey's benchmark stock index slipped 3.38 percent to close at 90,262.95 points Wednesday with a trading vo
Published August 15, 2018

ANKARA: Turkey's benchmark stock index slipped 3.38 percent to close at 90,262.95 points Wednesday with a trading volume of around 11.2 billion Turkish liras ($1.83 billion).

Borsa Istanbul's BIST 100 index ended the day with a 3,155.7-point decrease from Tuesday's close of 93,418.65 points, while it opened the midweek trading day at 95,040.93 points.

The USD/TRY exchange fell to 6.0690 as of 5 p.m. local time (1400GMT), down from 6.5410 at Tuesday's close.

The euro/lira exchange rate dropped to 6.8710 by market close, versus 7.4500 at the previous close, while the British pound/lira exchange rate was down at 7.5990, compared with 8.3740 at Tuesday's close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold traded for $1,184.00 as of 4.30 p.m. local time (1330GMT) Wednesday, down from $1,191.90 at the previous close.

As of 6 p.m. local time (1500GMT), the price of Brent oil stood at $70.61 per barrel -- hovering between $71.21 and $72.45 during the course of Wednesday.

Copyright APP (Associated Press of Pakistan), 2018

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