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Türkiye's Stock Exchange Opens Week Higher
(MENAFN) Türkiye's benchmark equity index kicked off the trading week on a positive note Monday, with the BIST 100 opening at 14,506.83 points — a gain of 64.27 points, or 0.45%, as markets resumed following a long weekend.
The advance builds on momentum from Thursday's session, when the BIST 100 closed up 0.92% at 14,442.56 points on a daily transaction volume of 202 billion liras ($4.48 billion). Markets remained shuttered Friday in observance of May 1 Labor and Solidarity Day.
As of 9:50 a.m. local time (0650 GMT), the Turkish lira was changing hands at 45.1955 against the US dollar, 53.0540 against the euro, and 61.4260 against the British pound, according to prevailing exchange rate data.
On the commodities front, gold continued its elevated run, with an ounce priced at $4,591.35 — reflecting sustained demand for safe-haven assets amid global economic uncertainty. Brent crude oil futures, meanwhile, were trading at $108.47 per barrel, keeping energy costs firmly in focus for import-dependent economies like Türkiye.
The opening gains come on the heels of April inflation data released Monday, which showed annual consumer prices accelerating to 32.37% — a broader macroeconomic backdrop that investors will likely weigh carefully as the session unfolds.
The advance builds on momentum from Thursday's session, when the BIST 100 closed up 0.92% at 14,442.56 points on a daily transaction volume of 202 billion liras ($4.48 billion). Markets remained shuttered Friday in observance of May 1 Labor and Solidarity Day.
As of 9:50 a.m. local time (0650 GMT), the Turkish lira was changing hands at 45.1955 against the US dollar, 53.0540 against the euro, and 61.4260 against the British pound, according to prevailing exchange rate data.
On the commodities front, gold continued its elevated run, with an ounce priced at $4,591.35 — reflecting sustained demand for safe-haven assets amid global economic uncertainty. Brent crude oil futures, meanwhile, were trading at $108.47 per barrel, keeping energy costs firmly in focus for import-dependent economies like Türkiye.
The opening gains come on the heels of April inflation data released Monday, which showed annual consumer prices accelerating to 32.37% — a broader macroeconomic backdrop that investors will likely weigh carefully as the session unfolds.
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