Turkish stocks up 1.31% at Monday’s close

BIST 100 index gains 18.3 points from previous close

Turkey’s benchmark stock index closed at 1,416.30 points on Monday, up 1.31% from the previous close.

Starting the day at 1,401.59 points, Borsa Istanbul’s BIST 100 index gained 18.30 points from Friday’s close of 1,398.00 points.

During Monday’s trading, the BIST 100 hovered between 1,401.59 and 1,419.70 points, with 74 stocks on the index rising, 17 down, and nine flat from the previous close.

The total market value of the BIST 100 was over 1.1 trillion Turkish liras ($125 billion) by market close, with a daily trading volume of more than 12.7 billion Turkish liras ($1.4 billion).

The highest trading volumes were posted by private lenders Garanti BBVA,steel producer Kardemir, and iron and steel producer Eregli.

Shares of Kardemir performed the best, up 5.91%, while stocks of real estate investment trust ISGYO dropped the most, 7.27%.

The price of Brent crude oil climbed to $83.86 per barrel as of 6.13 p.m. local time (1513GMT).

Turkey’s current account balance posted a surplus of $528 million in August, versus a deficit of $4 billion in the same month last year, the country’s central bank announced on Monday.

Unemployment in Turkey reached 12.1% August, according to the Turkish Statistical Institute (TurkStat) data.