Turkish main stock index closes Friday’s session with gains

(MENAFN) On Friday, Türkiye's benchmark stock index, Borsa Istanbul's BIST 100, closed at 10,081.00 points, marking a 1.46 percent increase from the previous day. This rise extended the index's gains for an eighth consecutive session, reflecting continued positive momentum in the Turkish stock market. The index gained 145.05 points, with a trading volume of 106.1 billion liras (approximately USD3.05 billion).

Over the course of the week, the BIST 100 index saw a substantial gain, rising by 4.44 percent by Friday's close. This marked a strong weekly performance, indicating investor confidence in the market despite broader global economic challenges. The index’s consistent upward movement highlights resilience in Türkiye's financial markets.

In terms of commodities, the price of gold reached USD2,658.19 per ounce, while Brent crude oil was priced at approximately USD70.97 per barrel as of 6:18 p.m. local time. These prices reflect ongoing global economic conditions, with gold continuing to serve as a safe-haven investment and oil prices showing some stability.

As for the foreign exchange market, the US dollar was traded at 34.7925 Turkish liras, while the euro was valued at 36.7542 liras. The British pound stood at 44.2991 liras. These exchange rates reflect the ongoing dynamics between the Turkish lira and major global currencies amidst Türkiye's evolving economic landscape.

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