Türkiye’s Stock Exchange Opens Wednesday Nearly Unchanged

(MENAFN) Türkiye’s benchmark stock index, the BIST 100, opened Wednesday at 10,877.45 points, marking a marginal decline of 0.07 points from the previous close. This slight dip follows a turbulent trading day on Tuesday, when the BIST 100 fell sharply by 3.57%, closing at 10,877.52 points. Tuesday’s trading session saw a robust transaction volume, with shares changing hands worth 208.7 billion Turkish liras (approximately $5.07 billion), reflecting heightened investor activity amid ongoing market uncertainties.

As of 10:10 a.m. local time (0710 GMT) on Wednesday, the Turkish lira remained under pressure, with exchange rates recorded at 41.1680 liras per US dollar, 47.9220 against the euro, and 55.0750 versus the British pound. These figures indicate continued volatility in currency markets, influenced by both domestic economic factors and broader global trends.

In commodities, the price of gold maintained its appeal as a safe-haven asset, trading at $3,534.40 per ounce. Meanwhile, Brent crude oil was priced at $68.75 per barrel, reflecting steady demand amid shifting energy market dynamics.

Investors and analysts will be closely monitoring how these developments evolve throughout the day, as Türkiye navigates ongoing economic challenges and external market pressures.

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