Türkiye's BIST 100 opens Wednesday’s session with slight decline
Date
10/9/2024 4:39:12 AM
(MENAFN) On Wednesday, Türkiye's benchmark stock index commenced trading at 9,043.91 points, reflecting a slight decline of 0.01 percent, which translates to a decrease of 0.98 points from its previous closing figure. This minor drop indicates a relatively stable market performance as investors assess ongoing economic conditions and market dynamics.
On the preceding day, the BIST 100 index experienced a modest increase, rising by 0.15 percent to reach 9,044.89 points. This uptick was accompanied by a significant daily transaction volume, amounting to 83 billion Turkish liras, equivalent to approximately USD2.44 billion. Such trading activity underscores the continued interest and participation of investors in the stock market amid fluctuating economic indicators.
As of 10:25 AM local time (07:25 GMT), the foreign exchange rates reflected the ongoing economic climate, with the US dollar trading at 34.2770 Turkish liras. Additionally, the euro was valued at 37.5650 liras, while the British pound stood at 44.8060 liras. These exchange rates are crucial for businesses and investors alike, impacting international trade and investment decisions.
In the commodities market, the price of gold was recorded at USD2,614.56 per ounce, indicating a stable demand for this precious metal as a safe-haven asset. Meanwhile, Brent crude oil was trading at USD77.70 per barrel, reflecting the ongoing fluctuations in energy prices that continue to influence global markets. These developments in both the currency and commodities markets are significant indicators of Türkiye's economic landscape.
MENAFN09102024000045015839ID1108760984
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.