Turkey's benchmark stock index went up 1.29 percent to close at 93,915.55 points with a trading volume of 6.6 billion Turkish liras ($993.4 million) on Monday.

Borsa Istanbul's BIST 100 index ended the day with a 1,192.15-point hike from Friday's close of 92,723.40 points, while it started the day at 92,291.29 points.

The benchmark index hovered between 92,205.55 points and 94,656.05 points, while 75 stocks on the index were on the rise, 17 on the decline and eight flat compared to the previous close last week.

The total market value of listed shares on the BIST 100 was around 618 billion Turkish liras ($94.32 billion) at close, while the banking sector index gained 1.35 percent and holding sector index fell by 0.41 percent.

Among all sectors, the food beverage sector index was the top gainer, up 6.95 percent, while the telecommunication sector index showed the worst performance, losing 0.60 percent.

Shares of the soft drinks manufacturer Anadolu Efes (AEFES) climbed the most, up 10.33 percent, while stocks of the energy and construction company Isiklar Enerji Yapi Holding (IEYHO) did the worst, falling 4.35 percent.

The BIST 100's most-traded listed companies were national flag carrier Turkish Airlines, defense company Aselsan, iron/steel producer Kardemir, private lender Garanti and leading petrochemicals producer Petkim.

One U.S. dollar traded for 6.6300 Turkish liras as of 5 p.m. local time (1400GMT), up from 6.5840 at Friday's close.

The euro/lira exchange rate was 7.7110 by market close, versus 7.6590 at the previous close, and one British pound traded for 8.5550 Turkish liras, while the GBP/TRY rate was 8.5420 at Friday's close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold traded for $1,201 as of 4.30 p.m. local time (1330GMT) Monday.

As of 6.20 p.m. local time (1520GMT), the price of Brent oil stood at $78.15 per barrel -- hovering between $77.31 and $78.44 during the day -- climbing from around $66 at the beginning of 2018.