Tuesday, 02 January 2024 12:17 GMT

Türkiye's BIST 100 Index Closes Week at Record Peak


(MENAFN) Borsa Istanbul's BIST 100 index closed the week at 12,200.95 points, surging 0.93% in a session that cemented Türkiye's position among top-performing global markets.

The benchmark rallied 112.98 points beyond Thursday's settlement after opening at 12,130.19 points. Intraday action saw the index touch a session low of 12,065.99 before explosive buying pressure drove it to a daily peak of 12,200.95—also marking the historic closing high.

Market capitalization for the BIST 100 reached approximately 12 trillion Turkish liras, equivalent to $280.7 billion, while trading volume hit 157 billion liras ($3.65 billion), reflecting robust investor participation.

The session's winners narrowly outnumbered losers, with 52 constituent stocks advancing and 46 declining compared to the prior close.

Commodity markets showed mixed signals as of 7:15 pm local time (1615GMT). Gold traded at $4,505.90 per ounce, while Brent crude oil settled at $63.2 per barrel.

Currency markets reflected continued volatility in the Turkish lira. The US dollar/Turkish lira exchange rate stood at 43.1410, while the euro/Turkish lira pair traded at 50.2500. The British pound commanded 57.9180 liras in Friday's session.

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