Turkish Stocks Up At Weekly Close

Turkey's benchmark stock index closed the week at 110,476.59 points on Friday, up 0.33% from the previous close.

Starting the day at 111,010.65, Borsa Istanbul's BIST 100 index gained 361.93 points from Thursday's close of 110,114.66 points.

On a weekly basis, the benchmark index posted a 0.53% increase this week. At the beginning of this year, the BIST 100 stood around 89,000 points.

During Friday's trading, the BIST 100 hovered between 110,018.00, points and 111,910.40 points -- 33 stocks on the index rose, 61 fell, and six were flat compared to the previous close.

Closing the week with a market value of around 753.7 billion Turkish liras ($130.2 billion), the benchmark index posted a daily trading volume of 12 billion Turkish liras ($2.1 billion).

By market capitalization, Turkish conglomerate Koc Holding ($8.9 billion) and private lenders Garanti BBVA ($7.9 billion) and Akbank ($7.2 billion) were the top companies on the BIST 100.

Shares of national flag carrier Turkish Airlines, Garanti BBVA, and iron/steel producer Kardemir posted the highest trading volumes -- accounting for 26.7% of the benchmark index's total trade volume.

Stocks of chemical and paint producer Polisan Holding (POLHO) climbed the most, rising 6.01%, while shares of automotive company Dogus Otomotiv (DOAS) dropped the most, falling 10.95%.

The price of one ounce of gold was around $1,470.00 by market close, dropping from $1,475.00 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent crude oil was around $65.00 per barrel as of 6 p.m. (1500GMT) on Friday, with a daily range of $64.35 to $65.29.