Turkey’s main share surges 0.83 percent at Thursday’s session open
Date
7/11/2024 5:13:18 AM
(MENAFN) On Thursday, the Turkish Stock market opened with the BIST 100 index starting at 10,832.87 points, to show a notable rise of 0.83 percent or 89.57 points from its previous closing level. This positive movement followed a session on Wednesday where the index had declined by 0.49 percent, to close at 10,743.30 points. The trading activity remained robust, with transactions amounting to 103 billion Turkish liras (equivalent to USD3.12 billion) in daily volume.
In foreign exchange markets, the USD/TRY exchange rate was observed at 32.9390 at 10:10 AM (0710GMT), to reflect current trading dynamics. The EUR/TRY rate stood at 35.8285, and the GBP/TRY rate was noted at 42.3620. These rates indicate ongoing fluctuations in the Turkish lira's value against major currencies.
Commodities showed distinct pricing trends as well. The price of gold was quoted at USD2,381.06 per ounce, underscoring its position in the market amid economic uncertainties. At the same time, Brent crude oil maintained a stable price around USD85.10 per barrel, influenced by global supply and demand dynamics.
Overall, these market indicators illustrate the current economic landscape in Turkey, characterized by fluctuating stock indices, currency exchange rates, and commodity prices, reflecting both local market conditions and global economic trends.
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