Tuesday, 02 January 2024 12:17 GMT

Turkey’s main stock ends Wednesday’s session with 0.50 percent decline


(MENAFN) On Wednesday, Türkiye's benchmark stock index, the BIST 100, closed at 10,638.58 points, marking a decline of 0.50 percent from the previous day’s close. This drop extends the index's losses for a third consecutive session. The trading volume for the day was 94 billion Turkish liras, equivalent to approximately USD2.82 billion, reflecting active market participation amid the downturn.

In commodity markets, the price of gold reached USD2,467.45 per ounce, indicating a stable value as of the late afternoon. Brent crude oil was priced around USD80.38 per barrel, showing a slight adjustment in the global oil market. These commodity prices provide a snapshot of the broader economic context impacting market performance.

Regarding currency exchange rates, the US dollar was trading at 33.1119 Turkish liras, while the euro was valued at 35.8426 liras. The British pound stood at 42.5182 liras. These rates highlight the ongoing fluctuations in Türkiye’s foreign exchange market, which are critical for investors and businesses operating in the region.

Overall, the continued decline in the BIST 100 index amidst significant trading activity and the observed commodity and currency fluctuations underscore a period of volatility in Türkiye's financial markets. The persistence of these trends suggests ongoing uncertainty and market adjustments in response to various economic factors.

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