(MENAFN) The Turkish benchmark stock index began trading on Thursday with an opening figure of 11,194.41 points, representing an increase of 0.54 percent, or 60.33 points, from its previous close. This positive start comes after a slight decline observed on Wednesday when the BIST 100 index fell by 0.05 percent to close at 11,134.08 points. The daily transaction volume on that day was substantial, totaling 98.7 billion Turkish liras, equivalent to roughly USD2.98 billion. This significant trading activity highlights the robust engagement in the Turkish stock market despite minor fluctuations in index points.

As of 10:15 a.m. (0715GMT) on Thursday, currency exchange rates showed notable figures. The exchange rate for the US dollar against the Turkish lira (USD/TRY) was recorded at 33.1000. Meanwhile, the euro to Turkish lira (EUR/TRY) exchange rate stood at 36.2950, and the British pound to Turkish lira (GBP/TRY) rate was 43.0220. These exchange rates are crucial for investors and traders who engage in forex trading and cross-border transactions, as they reflect the relative strength of the Turkish lira against major global currencies.

In the commodities market, the price of gold and oil demonstrated noteworthy values. One ounce of gold was priced at USD2,473.40, indicating its value in the global market and serving as a barometer for economic stability and investor confidence. Similarly, the price of a barrel of Brent oil was around USD84.85, reflecting the ongoing supply and demand dynamics in the energy sector. The pricing of Brent oil is particularly significant as it influences the cost of energy and fuel globally, impacting various sectors of the economy.

These financial indicators provide a comprehensive overview of the current state of the Turkish market, influenced by both domestic and international factors. The fluctuation in stock index points, currency exchange rates, and commodity prices underscores the interconnected nature of global financial markets. Investors and analysts closely monitor these figures to make informed decisions, assess market trends, and anticipate future movements. The data not only reflects the economic health of Turkey but also offers insights into broader economic conditions and geopolitical developments that could influence market behavior.

MENAFN18072024000045015839ID1108453805