Turkish main stock index starts Monday’s session with gains
(MENAFN) The Turkish benchmark stock index, BIST 100, commenced trading on Monday with an opening value of 10,901.90 points, marking a rise of 0.46 percent or 50.12 points compared to the previous closing session. This follows a slight decline on Friday when the index closed at 10,851.78 points, registering a decrease of 0.19 percent. The daily trading volume on Friday was robust at 97 billion Turkish liras (approximately USD2.98 billion).
In currency markets, the exchange rates against the Turkish lira (TRY) showed stability as of early Monday. The USD/TRY rate was at 32.6670, the EUR/TRY rate stood at 35.3590, and the GBP/TRY rate was 41.8285. These rates reflect ongoing trends in the forex market affecting Turkey's economic outlook and international trade relations.
On the commodities front, the price of gold remained steady at USD2,377.15 per ounce, highlighting its role as a safe-haven asset amidst global economic uncertainties. Meanwhile, the price of Brent crude oil was observed around USD85.80 per barrel, influencing market dynamics and impacting energy-related sectors both domestically and internationally.
These market indicators underscore the ongoing economic activities and investor sentiments in Türkiye, reflecting a mix of cautious optimism and strategic positioning amid global financial developments. As trading progresses throughout the day, these figures will continue to be monitored closely for their implications on economic policies and market strategies.
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