Türkiye’s Stock Exchange Opens Tuesday Higher

(MENAFN) Türkiye’s leading stock index, the BIST 100, started Tuesday trading slightly higher at 10,461.21 points, marking an increase of 0.11% or 11.85 points compared to the previous close.

This modest gain follows a sharp downturn on Monday, when the BIST 100 dropped by 2.61%, settling at 10,449.36 points. Monday’s session saw significant trading activity, with the total transaction volume reaching 105.9 billion Turkish liras ($2.56 billion), reflecting heightened investor engagement amid ongoing market uncertainties.

As of 10:25 a.m. local time (07:25 GMT), key currency exchange rates revealed a stable yet cautious trend: the Turkish lira was valued at 41.2750 against the US dollar, 48.6030 versus the euro, and 56.0780 compared to the British pound. These figures suggest continued volatility as global economic pressures persist.

In commodities, the price of gold remained steady, with an ounce valued at $3,648.70, while Brent crude oil was trading at $66.55 per barrel, indicating a relatively stable outlook for raw materials despite broader market fluctuations.

This early trading data signals a tentative recovery for Türkiye’s equities following recent losses, as investors navigate complex geopolitical and economic factors influencing both domestic and international markets.

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