Turkish stocks at over 9-month high on Monday’s close

ANKARA

Turkey's benchmark stock index ended Monday up 3.32% at 1,231.54 points to hit the highest close over the past nine-and-a-half months.

Borsa Istanbul's BIST 100 index rose 39.58 points from 1,191.96 points at Friday's close.

On Monday, the BIST 100 hovered between 1,211.16 and 1,235.30.

Closing the day with a market value of some 910 billion Turkish liras ($112.39 billion), the benchmark index posted a daily trading volume of 34.1 billion Turkish liras ($4.21 billion).

Compared to the previous close, 72 stocks on the index rose, 27 fell, and one was flat.

The highest trading volumes were posted by private lender Garanti BBVA, petrochemical company Petkim, and flagship carrier Turkish Airlines.

Catering company DOCO was the best performer, with its shares up 10%, while stocks of private lender Sekerbank dropped the most with 15.56%.

The price of one ounce of gold was $1,912.65 by market close, down from $1,946.95 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent crude oil was around $42.89 per barrel as of 6.30 p.m. local time (1530GMT) on Monday.

The stock market has grown with the impact of Turkish lira gaining ground following the country's recently appointed Central Bank Governor Naci Agbal's statements on price stability and communication.