Turkey's Borsa Istanbul starts week down over 1.5%

ANKARA

Turkey's benchmark stock index started the week down 1.53% or 1,528.75 points to open at 98,106.02 points on Monday.

On Friday, Borsa Istanbul's BIST 100 index surged 0.25% to close the week at 99,634.78 points with a daily trading volume of 7.5 billion Turkish liras ($1.3 billion).

Last week, the benchmark index posted a 3.26% hike. At the beginning of this year, the BIST 100 hovered around 89,000 points.

The U.S. dollar/Turkish lira exchange rate was 5.7750 as of 9.30 a.m. local time (0630GMT) on Monday, climbing from 5.6390 at Friday's close.

The euro/Turkish lira exchange rate stood at 6.4840, versus 6.3250, and one British pound traded for 7.2480 Turkish liras, compared to 7.0390.

One barrel of Brent oil was sold for $64.43 as of 10.15 a.m. local time (0715GMT) on Monday.