(MENAFN) The benchmark stock index in Turkey, Borsa Istanbul's BIST 100 index, closed at 5,059.35 on Monday, marking a 0.66 percent decrease compared to the previous trading day. The index began the week at 5,112.01 points and lost 33.53 points compared to Friday's close. Despite the decline, the index's daily high was 5,138.08, and its lowest value was 5,057.48.
The total market value of BIST 100 was approximately 4.2 trillion Turkish liras (USD216.4 billion) by market close, with a daily trading volume of 46 billion Turkish liras (USD2.86 billion). The US dollar/Turkish lira exchange rate was 19.3831 as of 6.32 p.m. local time (1532GMT), with the euro/lira exchange rate standing at 21.1664, while a British pound traded for 23.9653 Turkish liras. Brent crude oil was selling for around USD85.04 per barrel, while the price of an ounce of gold was USD2,004.55.
Despite the decline in the stock index, Turkey's central government budget posted a deficit of 47.2 billion Turkish liras (USD2.5 billion) in March, which is a 32 percent decrease in lira terms compared to the previous year. The official data released on Monday suggests that the government budget deficit is improving in Turkey. However, it remains to be seen how the current economic and political environment will impact the stock market in the coming months.
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