Türkiye's Benchmark Stock Index Rises Slightly After Eid al-Fitr Break
Date
4/25/2023 8:07:38 AM
(MENAFN) Türkiye's benchmark stock index, the BIST 100, opened on Monday at 5,022.51 points, indicating a 0.20 percent increase, or 10.17 points, from the previous close. The rise follows a break for the Muslim holiday of Eid al-Fitr, which marks the end of the holy month of Ramadan.
The BIST 100 index had closed on Thursday at 5,012.34 points, down 0.97. The stock exchange traded for half a day on Thursday and remained closed on Friday due to the holiday. The slight increase in the benchmark stock index on Monday suggests a positive trend in the stock market.
As of 10.20 a.m. local time (0720GMT) on Monday, the US dollar/Turkish lira exchange rate was 19.4077, while the euro/lira exchange rate stood at 21.2978. The British pound traded for 24.1102 Turkish liras. These figures indicate the relative values of the currencies and provide insights into the foreign exchange market.
In addition, Brent crude oil was selling for around USD80.45 per barrel on Monday, indicating a relatively stable price in the global oil market. The price of an ounce of gold was USD1,989.95, which suggests a slight decrease from the previous week's prices. These figures provide insights into the commodity market and can help inform investment decisions.
Overall, the slight increase in Türkiye's benchmark stock index on Monday suggests a positive trend in the stock market after the Eid al-Fitr break. Although the market can be volatile and subject to fluctuations, these figures provide a snapshot of the current state of the economy and can help inform business and investment decisions.
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