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11:58, 19 March 2018 Monday
11:01, 27 November 2017 Monday

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Turkey's Borsa Istanbul starts week up
Turkey's Borsa Istanbul starts week up

BIST 100 index up 0.24 pct while US dollar/Turkish lira and euro/Turkish lira rates stand at 3.9380 and 4.7000, respectively

World Bulletin / News Desk

Turkey's benchmark stock index, the BIST 100, rose 247.99 points or 0.24 percent to open at 104,787.40 points on Monday.

The banking and holding indices went up 0.15 and 0.20 percent, respectively.

Among all sectors, the food and beverage sector index saw the biggest rise -- up 0.99 percent -- while the technology index saw the biggest fall, dropping 0.56 percent.

At the close on Friday, the BIST 100 was down 486.70 points -- 0.46 percent -- to 104,539.41 points. The day’s trading volume was 5 billion liras ($1.27 billion).

The U.S. dollar/Turkish lira exchange rate was flat at 3.9380 as of 9.30 a.m. local time (0630 GMT) Monday, compared with Friday's close at 3.9390.

The lira lost value against the euro, with the EUR/TRY rate rising to 4.7000 on Monday morning, up from 4.6880 at the close on Friday.

Brent oil rose to $63.83 per barrel at 9.30 a.m. local time (0630 GMT) on Monday, compared to $63.47 per barrel on Friday.

On the domestic market, October tourist arrivals will be announced on Wednesday by the Turkish Tourism Ministry.

On Thursday, October's final foreign trade statistics will be announced by the Turkish Statistical Institute (TurkStat)

Also on Thursday, the Turkish Central Bank will release its Financial Stability Report, laying out the bank’s assessment of financial risks in the business sectors and the non-financial sector’s exposure to forex risks and policy measures to deal with it.

Externally, investors will focus on German political leaders’ next move, especially the Social Democrats and whether they will give Chancellor Angela Merkel a last chance to set up a government or if early polls are in the offing. 

The Social Democrats agreed on Friday to hold talks with Merkel on renewing the outgoing coalition government

Moreover, U.S. inflation figures will be announced on Thursday, along with personal income and spending reports for October. 


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