Borsa Istanbul's BIST 100 Index Falls 1.7 Percent on Friday


(MENAFN) The Borsa Istanbul's BIST 100 index closed at 4,812.93 points on Friday, representing a decline of 1.7percent from the previous close. The index had started the day at 4,876.23 points but lost 83.14 points compared to the previous close of 4,896.07.

The BIST 100 index saw a daily high of 4,881.75 and a low of 4,790.68 during trading. The total market value of the BIST 100 was approximately 3.97 trillion Turkish liras (USD207.45 billion) by the end of the day, with a daily trading volume of 48 billion Turkish liras (USD2.53 billion).

During the trading day, 17 stocks on the index rose while 82 fell compared to the previous close. This downward trend was seen across a range of sectors, including finance, energy, and technology.

The price of gold was USD1,996.95 per ounce at the close of trading, while Brent crude oil sold for around USD79.6 per barrel as of 7 p.m. local time (1600GMT). The fluctuations in these markets can have a significant impact on the economy and financial markets.

The US dollar/Turkish lira exchange rate was at 19.1895, while the euro/lira exchange rate stood at 20.8620. A British pound traded for 23.7250 Turkish liras. The foreign exchange market is closely watched by investors as it can have a significant impact on the economy and the value of assets held in different currencies.

The decline in the BIST 100 index on Friday reflects the ongoing volatility and uncertainty in global financial markets. It is important for investors to keep a close eye on market trends and events that could impact their portfolios.

MENAFN02042023000045014228ID1105929004


MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.