Turkey's Borsa Istanbul Tops 120,000 Points At Close

Turkey's benchmark stock index closed the day at 120,249.03 points on Tuesday, up 1.34% from the previous close.

Borsa Istanbul's BIST 100 index started the day at 119,595.16 points. As of the daily close, it gained 1,585.33 points from last week's close of 118,663.70 points.

During Monday's trading, the index bottomed out at 119,595.16 points and peaked at 120,899.69 points.

The total market value of the BIST 100 was around 823.6 billion Turkish liras ($140.27 billion) by market close, with a daily trading volume of 14.8 billion Turkish liras ($2.5 billion).

On the first transaction day of the week, 88 stocks on the index rose, 10 were down, and two were flat compared to Friday.

The highest trading volumes were posted by national flag carrier Turkish Airlines, chemical producer Petkim, and state lender Halkbank.

Real estate investment trusts firm Halk Gyo was the best performer, with its shares up 20%, while snack producer Ulker dropped the most, down 1.36%.

The price of one ounce of gold was unchanged at $1,550 by market close, versus the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent crude oil was around $64.3 per barrel as of 6 p.m. (1500GMT) on Monday.