Tuesday, 02 January 2024 12:17 GMT

Türkiye’s BIST 100 Starts Week with Modest Rise


Date:

(MENAFN) Türkiye’s benchmark BIST 100 stock index opened the new trading week on Monday with a modest increase, reaching 11,745.68 points, up 0.20%, or 23.96 points, from its previous closing level.

The positive opening followed a weaker performance on Friday, when the index dropped 2.89% to finish at 11,721.72 points. Total trading volume during that session reached 116.2 billion Turkish liras, equivalent to approximately $2.34 billion, reflecting substantial activity in the domestic equity market.

Currency markets also showed the latest exchange rates against the Turkish lira. At 9:50 a.m. local time (0650 GMT), the US dollar was trading at 49.5525 liras, while the euro stood at 55.6610 liras. The British pound was quoted at 66.1155 Turkish liras.

Meanwhile, commodity prices remained in focus alongside developments in the stock and foreign exchange markets. Gold was trading at $4,180.50 per ounce, while Brent crude futures reached $107.22 per barrel.

The BIST 100’s initial gain marked a modest recovery after Friday’s decline, as investors began the week monitoring movements across equities, currencies and major commodities. The latest figures provide a snapshot of Türkiye’s financial markets at the start of Monday’s session.

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