(MENAFN) On Monday, the Turkish benchmark stock index, Borsa Istanbul's BIST 100, opened at 9,769.69 points, to reflect a notable decline of 6.72 percent, or 703.807 points, from its previous closing level. This drop continues a period of market volatility, following a significant decrease on Friday when the index fell by 3.01 percent to close the trading session at 10,473.47 points. On that day, the trading volume reached 83 billion liras, which is equivalent to approximately USD2.49 billion, indicating a substantial level of market activity despite the downturn.

In currency markets, as of 7:54 AM local time (06:54 GMT), the exchange rate for the US dollar against the Turkish lira (USD/TRY) was recorded at 33.3025. The Euro to Turkish lira (EUR/TRY) rate stood at 35.3576, while the British pound to Turkish lira (GBP/TRY) rate was 42.4508. These rates point out the ongoing fluctuations in foreign exchange markets amid broader economic uncertainties.

In the commodities sector, the price of gold was trading at USD2,467.25 per ounce. Meanwhile, the barrel price of Brent crude oil was approximately USD76.12. These figures illustrate the current market conditions for precious metals as well as oil, which are influenced by various global economic factors along with supply-demand dynamics.

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