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Türkiye's Stock Exchange Up on Thursday Open
(MENAFN) Türkiye's primary equity benchmark opened Thursday in positive territory, recovering from the previous session's losses as investors returned to buying mode.
Türkiye's benchmark stock index opened Thursday at 12,771.45 points, rising 0.34%, or 43.28 points, from the previous close.
The recovery follows a downbeat Wednesday session when Borsa Istanbul's BIST 100 fell 0.61% to close at 12,728.18 points, with a daily transaction volume of 208.1 billion Turkish liras ($4.8 billion).
Currency markets showed minimal movement in early trading as the Turkish lira held relatively steady against major international currencies.
As of 9.50 am local time (0650GMT), exchange rates stood at 43.3075 liras to the US dollar, 50.7165 to the euro, and 58.2865 to the British pound.
Commodity markets reflected marginal shifts in early morning activity across both precious metals and energy sectors.
The price of an ounce of gold was $4,822.90, while Brent crude oil was trading at $64.55 per barrel.
The morning uptick suggests investor appetite may be stabilizing after Wednesday's broad-based selloff that saw 56 indexes decline while only 40 managed gains, signaling potential for renewed momentum as Thursday's trading progresses.
Türkiye's benchmark stock index opened Thursday at 12,771.45 points, rising 0.34%, or 43.28 points, from the previous close.
The recovery follows a downbeat Wednesday session when Borsa Istanbul's BIST 100 fell 0.61% to close at 12,728.18 points, with a daily transaction volume of 208.1 billion Turkish liras ($4.8 billion).
Currency markets showed minimal movement in early trading as the Turkish lira held relatively steady against major international currencies.
As of 9.50 am local time (0650GMT), exchange rates stood at 43.3075 liras to the US dollar, 50.7165 to the euro, and 58.2865 to the British pound.
Commodity markets reflected marginal shifts in early morning activity across both precious metals and energy sectors.
The price of an ounce of gold was $4,822.90, while Brent crude oil was trading at $64.55 per barrel.
The morning uptick suggests investor appetite may be stabilizing after Wednesday's broad-based selloff that saw 56 indexes decline while only 40 managed gains, signaling potential for renewed momentum as Thursday's trading progresses.
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