Tuesday, 02 January 2024 12:17 GMT

Turkish main stock exchange ends Wednesday’s session with losses


(MENAFN) On Wednesday, Turkey's benchmark stock index, the BIST 100, closed the trading session with a notable decline, finishing at 10,486.70 points, down 1.81 percent from the previous day's closing level. The index began the day at 10,680.50 points but saw a decrease of 193.28 points throughout the day's trading activities on the Borsa Istanbul exchange. The total daily transaction volume reached a substantial 82.1 billion Turkish liras (USD2.50 billion), indicating active market participation despite the downturn in index performance.

In the commodities market, the price of gold held steady at USD2,313.95 per ounce, reflecting stability in this precious metal's valuation. Similarly, Brent crude oil maintained its price around USD84.00 per barrel as of 6:26 p.m. local time (1526GMT), aligning with global trends in energy markets.

Turning to currency markets, the exchange rates showed the US dollar trading at 32.8450 Turkish liras, the euro at 35.1236 Turkish liras, and the British pound at 41.4730 liras. These rates illustrate the market dynamics for foreign exchange transactions during the reporting period, highlighting the relative strength of the lira against major international currencies.

The day's movements in these key financial indicators underscore the complex interplay of economic factors and investor sentiment impacting Turkey's financial markets. Despite the stock market's decline, stable prices in commodities and foreign exchange rates provide a balanced perspective on the broader economic landscape influencing market activities in Turkey.

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