(MENAFN) On Tuesday, the Turkish stock market opened with the BIST 100 index starting at 10,354.95 points, showing a slight uptick of 0.11 percent or 11.64 points from the previous day's closing. This minor increase followed a notable downturn on Monday, where the index experienced a significant drop of 2.86 percent to close at 10,343.31 points, amidst a substantial daily transaction volume of 99 billion Turkish liras (USD3.03 billion).

In the realm of currency markets, the exchange rates painted a varied picture: the USD/TRY rate stood at 32.6880, reflecting current trends in the US dollar's strength against the Turkish lira. Meanwhile, the EUR/TRY rate was reported at 35.1440, and the GBP/TRY rate stood at 41.3010, indicating the exchange rates for the euro and the British pound against the Turkish lira respectively.

Turning to commodities, the price of gold stood at USD2,329.70 per ounce, illustrating its role as a safe-haven asset amidst economic uncertainties. Concurrently, the price of Brent crude oil was observed around USD86.60 per barrel, underscoring the ongoing volatility in global energy markets.

These metrics collectively highlight the complex economic landscape in Turkey, showcasing the fluctuating dynamics of stock market performance, the stability of currency exchange rates, and the influential role of commodities in global markets. Investors and analysts continue to monitor these indicators closely for insights into economic trends and potential investment opportunities in the region.

MENAFN02072024000045015839ID1108398433