Turkish benchmark stock index commences Thursday’s session higher
Date
2/29/2024 4:18:36 AM
(MENAFN) On Thursday, the Turkish benchmark stock index commenced trading at 9,100.27 points, reflecting a rise of 0.42 percent or 37.91 points compared to the previous day's closing figures. Conversely, during the prior session, the BIST 100 index experienced a decline of 1.28 percent, closing at 9,062.36 points, with a recorded daily transaction volume amounting to 131 billion Turkish liras (USD4.21 billion).
As of 10:10 a.m. (GMT0710), the exchange rates against the Turkish lira exhibited stability, with the US dollar/Turkish lira (USD/TRY) rate standing at 31.2250. Similarly, the EUR/TRY rate was reported at 33.9490, while the GBP/TRY rate hovered around 39.5510. Notably, the price of one ounce of gold was quoted at USD2,045.55, while the barrel price of Brent oil was recorded at approximately USD82.
The fluctuations observed in the stock market indices and currency exchange rates reflect the dynamic nature of Turkey's financial landscape and its integration into the global economy. Factors such as market sentiment, geopolitical developments, and economic indicators contribute to the day-to-day movements in stock prices and exchange rates. Amidst these fluctuations, investors and analysts closely monitor trends and developments to make informed decisions regarding their investments and financial strategies.
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