Turkey’s main stock index increases 0.41 percent at Tuesday’s open


(MENAFN) On Tuesday, the Turkish benchmark stock index began trading at 11,109.68 points, marking an increase of 0.41 percent, or 44.83 points, compared to its previous closing figure. This upward movement reflects the market's positive sentiment following a strong performance on the previous Friday, when Borsa Istanbul's BIST 100 index achieved a notable gain of 0.37 percent.

This rise brought the index to a record closing level of 11,064.85 points, supported by a substantial daily transaction volume of 101 billion liras, equivalent to approximately USD3.06 billion.

As of 9:53 a.m. local time (0653 GMT), the exchange rates for the US dollar against the Turkish lira stood at 33.0461, while the euro was valued at 36.0241 liras, and the British pound at 42.8153 liras. These figures indicate ongoing fluctuations in the currency market, which are closely watched by investors.

Meanwhile, the price of gold also remains significant, with one ounce trading at USD2,437.40, while the barrel price of Brent crude oil hovered around USD84.27. It's worth noting that Borsa Istanbul was closed on the preceding Monday, as the nation commemorated Democracy and National Unity Day, honoring the eighth anniversary of the failed coup attempt on July 15, 2016. This closure reflects the country's observance of a day that holds deep historical significance for the Turkish people.

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