Türkiye’s Stock Index Extends Tuesday Gains

(MENAFN) Türkiye’s main stock index surged to a new all-time peak at the open on Tuesday, signaling continued investor confidence amid strong trading activity and a fluctuating currency market.

The benchmark BIST 100 index launched the day at 11,489.07 points, marking a 0.1% rise, or 11.27 points, over Monday’s closing level. This opening follows a robust session on Monday, during which the index had already reached a record close of 11,477.80 points, driven by a 0.93% gain.

According to data released on Monday, total trading volume on the Borsa İstanbul stood at 142.9 billion Turkish liras (approximately $3.48 billion), reflecting heightened investor activity in domestic markets despite global economic headwinds.

Currency markets remained volatile early Tuesday. As of 09:50 a.m. local time (0650GMT), the Turkish lira traded at 41.0150 against the US dollar, 47.7180 against the euro, and 55.2465 to the British pound, continuing its steady depreciation trend against major foreign currencies.

Meanwhile, commodity prices provided a mixed signal to global markets. Gold, a traditional safe-haven asset, was priced at $3,376.30 per ounce, indicating continued investor demand amid uncertainty. In energy markets, Brent crude oil was trading at $67.85 per barrel, suggesting persistent concerns about supply and demand dynamics.

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