Turkey's Borsa Istanbul up by 1.71% at open

Turkey's benchmark stock index rose by 1.71%, or 1,611.23 points, to start Tuesday at 95,592.62 points.

On Monday, Borsa Istanbul's BIST 100 index dropped rapidly by 5.10% to close the day at 93.981,39 points with a daily trading volume of 10.4 billion Turkish liras ($1.75 billion).

The U.S. dollar/Turkish lira exchange rate dropped to 5.8890 as of 9.30 a.m. local time (0630GMT) on Tuesday, compared to 5.9340 at Monday's close.

The euro/Turkish lira exchange rate also decreased to 6.5000, versus 6.5440, and one British pound traded for 7.4730 Turkish liras, while it was 7.4940 at the previous close.

One barrel of Brent crude oil was sold for around $59.00 as of 10 a.m. local time (0700GMT) on Tuesday.