Turkey’s main stock ends Wednesday’s session with gains
(MENAFN) On Wednesday, the Turkish benchmark stock index, BIST 100, closed significantly higher at 10,682.15 points, marking a robust increase of 2.26 percent from the previous day's close. The index began the trading day at 10,494.72 points and surged by 235.91 points by the end of trading, demonstrating strong bullish momentum throughout the session. Throughout the day, the index fluctuated between its lowest point at 10,480.38 and a peak of 10,688.53.
Market dynamics showed a positive trend, with 67 indices posting gains by the closing bell, while 32 indices experienced declines. The total transaction volume reached an impressive 96 billion Turkish liras (USD2.94 billion), underscoring active trading activity and investor participation in the market. The overall value of the index was reported at 9.06 trillion liras (USD277.8 billion), reflecting the aggregate market capitalization of listed stocks.
In currency markets, the USD/TRY exchange rate stood at 32.5490, the EUR/TRY rate was at 35.1460, and the GBP/TRY traded at 41.5440 as of 19:00 p.m. local time (1600GMT). Meanwhile, the price of gold per ounce was quoted at USD2,362.99, and Brent crude oil was priced around USD86.20 per barrel, influencing commodity-linked movements in the financial markets.
The day's trading activity highlighted optimism among investors in Turkish equities, buoyed by positive market sentiment and significant trading volumes. The performance of the BIST 100 index underscored the resilience and potential of Turkey's stock market amid global economic uncertainties and regional market dynamics.
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