ANKARA: Turkey’s benchmark index Borsa Istanbul started Thursday with a 312-point advance to open at 90,121.09. The BIST 100 was up 0.35 percent during opening transactions after having closed the previous day with a 0.88-percent decline in line with the risk-off mood in global markets.
The best performer among the BIST 100 sub-indices was the textile and leather index with a 0.61-percent advance and the worst performer the mining index with a 0.74-percent decline. Markets are expected to take cues from macro data releases on the Turkish economy, namely the 2016 unemployment and consumer confidence readings, and weekly jobless claims in United States. The U.S. dollar/Turkish lira exchange rate was 3.6130 at 10.00 a.m. local time (0700GMT) on Thursday, essentially flat compared with 3.6150 at Wednesday’s close.
