(MENAFN) Türkiye's benchmark stock index, Borsa Istanbul's BIST 100, closed on Tuesday at 4,811.45 points, a rapid decline of 3.73 percent from the previous close. The index started the day at 5,003.68 points and lost 186.35 points compared to the previous close of 4,997.80. The index's lowest value during the second transaction day was 4,811.45, while its daily high was 5,004.99.
The total market value of the BIST 100 was approximately 3.91 trillion Turkish liras (USD205.5 billion) by market close, with a daily trading volume of 54 billion Turkish liras (USD2.82 billion). During the day, five stocks on the index rose, and 95 fell compared to the previous close.
The decline in the BIST 100 index is likely due to a variety of factors, including concerns about the global economic recovery from the COVID-19 pandemic, rising inflation, and geopolitical tensions. It also reflects the ongoing volatility in global financial markets, which have been impacted by a range of factors, including shifts in government policies, changes in commodity prices, and fluctuations in exchange rates.
In addition to the performance of the BIST 100 index, the price of an ounce of gold was reported at USD1,986.9, while Brent crude oil sold for around USD78.02 per barrel as of 6.15 p.m. local time (1515GMT). These prices are also subject to fluctuations due to a range of economic and political factors, including supply and demand dynamics, global trade tensions, and geopolitical risks.
Overall, the decline in Türkiye's BIST 100 index on Tuesday reflects the ongoing challenges facing global financial markets. However, it is important to note that financial markets are inherently volatile and subject to a range of factors that can impact their performance. As such, it is important for investors to remain vigilant and to make informed decisions based on a careful analysis of the underlying economic and geopolitical conditions.
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