Türkiye's Stock Exchange Opens Lower on Monday
(MENAFN) Türkiye's benchmark stock index, the BIST 100, began the trading day on Monday at 10,357.68 points, marking a decline of 0.14%, or 14.36 points, as investors showed caution amid global economic uncertainties.
On Friday, the BIST 100 closed 0.1% lower, ending at 10,372.04 points. The day's trading volume reached 99 billion Turkish liras, equivalent to approximately $2.4 billion. This mild dip in stock performance signals a period of cautious optimism as market participants weigh domestic and global economic indicators.
As of 10:30 AM local time (0730 GMT), the Turkish lira continued its downward trajectory against major foreign currencies. The exchange rate stood at 41.3780 liras per US dollar, 48.6130 liras per euro, and 56.2540 liras per British pound.
In the commodities market, precious metals and energy prices showed notable shifts. An ounce of gold was valued at $3,636.50, while Brent crude oil was priced at $67 per barrel, reflecting the ongoing volatility in global energy markets.
With inflationary pressures and geopolitical factors continuing to influence global financial landscapes, Turkish markets remain under close scrutiny by both local and international investors.
On Friday, the BIST 100 closed 0.1% lower, ending at 10,372.04 points. The day's trading volume reached 99 billion Turkish liras, equivalent to approximately $2.4 billion. This mild dip in stock performance signals a period of cautious optimism as market participants weigh domestic and global economic indicators.
As of 10:30 AM local time (0730 GMT), the Turkish lira continued its downward trajectory against major foreign currencies. The exchange rate stood at 41.3780 liras per US dollar, 48.6130 liras per euro, and 56.2540 liras per British pound.
In the commodities market, precious metals and energy prices showed notable shifts. An ounce of gold was valued at $3,636.50, while Brent crude oil was priced at $67 per barrel, reflecting the ongoing volatility in global energy markets.
With inflationary pressures and geopolitical factors continuing to influence global financial landscapes, Turkish markets remain under close scrutiny by both local and international investors.
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