Turkey's Borsa Istanbul Up At Thursday Close

Turkey's benchmark stock index closed on Thursday at 1,427.73 points, up 0.54% from the previous close.

After starting the day at 1,423.07 points, Borsa Istanbul's BIST 100 index gained 7.73 points over the previous close at 1,420.00 points.

During the day, the index's lowest value was 1,422.56 points, while its daily high was 1,434.72 points.

The total market value of the BIST 100 was around one billion Turkish liras ($121 billion) by market close, with a daily trading volume of 19.9 billion Turkish liras ($2.4 billion).

On the fourth transaction day of the week, 46 stocks on the index rose and 46 fell compared to Wednesday.

Stocks of iron/steel producer Kardemir posted the largest rise with 7.39%, while shares of wheels manufacturer Jants dropped the most, 6.15%.

The highest trading volumes were posted by flagship carrier Turkish Airlines, gold miner Koza Altin, and private lender Garanti BBVA.

One ounce of gold traded for $1,775.50 by market close, down from $1,779.00 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent crude oil was around $68.47 per barrel as of 6.20 p.m. local time (1520GMT).