Tuesday, 02 January 2024 12:17 GMT

Türkiye’s Stock Exchange Opens Tuesday Higher


(MENAFN) Türkiye’s main stock index, the BIST 100, kicked off trading on Tuesday at 11,304.45 points, marking a modest gain of 0.22%, or 24.5 points, from the previous session. This follows Monday’s slight decline when the index slipped 0.07% to close at 11,279.95 points. Market participants saw a robust daily trading volume on Monday, totaling 114 billion Turkish liras ($2.77 billion), reflecting ongoing investor activity amid cautious sentiment.

As of 10:10 a.m. local time (0710 GMT), currency markets showed the Turkish lira trading at 41.1480 against the U.S. dollar, 48.1690 versus the euro, and 55.5790 compared to the British pound. These exchange rates highlight continued volatility in the FX markets amid global economic uncertainties.

Commodities also presented mixed signals. Gold was priced at $3,486.10 per ounce, a figure that underscores ongoing safe-haven demand amid geopolitical and economic concerns. Meanwhile, Brent crude oil was trading at $68.55 per barrel, reflecting steady energy market conditions as global supply and demand dynamics evolve.

Investors and analysts will be closely watching these key indicators throughout the day to gauge the broader economic outlook and the potential impact on Türkiye’s financial markets.

MENAFN02092025000045017169ID1110004196

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.

Search