Tuesday, 02 January 2024 12:17 GMT

Türkiye's Stock Exchange Opens Tuesday Higher


(MENAFN) Türkiye's primary stock index launched Tuesday's trading session at 10,810.62 points, climbing 0.2% with a gain of 21.59 points from the prior day's closure, signaling a modest recovery following Monday's downturn.

The BIST 100 index had experienced considerable pressure during the previous trading day, tumbling 1.24% before settling at 10,789.03 points. Monday's session recorded substantial market activity, with daily trading volume reaching 135.6 billion Turkish liras, equivalent to approximately $3.21 billion in US currency.

Currency markets showed mixed movements for the Turkish lira as of 10.05 am local time (0705GMT). The national currency was positioned at 42.2330 against the US dollar, reflecting ongoing volatility in foreign exchange markets. Against European currencies, the lira traded at 48.8375 versus the euro, while standing at 55.4920 relative to the British pound.

Commodity markets displayed notable activity during the morning session. Precious metals continued their upward trajectory, with gold prices surging to $4,126.90 per ounce, maintaining strong investor interest amid global economic uncertainty. Meanwhile, energy markets saw Brent crude oil trading at $63.65 per barrel, reflecting current supply and demand dynamics in international petroleum markets.

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