Turkey’s benchmark stock index opens slightly lower
(MENAFN) Türkiye’s main stock index, the BIST 100, opened Wednesday at 10,992.82 points, down 0.18% or 19.31 points, as traders reacted cautiously to a mix of domestic and international market developments, according to reports.
On Tuesday, the index experienced a 0.33% decline, closing at 11,012.12 points, with a daily trading volume totaling 133.2 billion Turkish liras ($3.2 billion). Analysts suggest that investor sentiment remains influenced by global commodity prices, currency fluctuations, and ongoing economic data releases.
As of 09:50 a.m. local time (06:50 GMT), exchange rates showed the Turkish lira trading at 41.5945 against the U.S. dollar, 48.9950 versus the euro, and 56.0835 against the British pound. Movements in the currency markets continue to impact equities, particularly companies with high exposure to imports or foreign debt.
Commodity markets also influenced trading, with gold priced at $3,863.20 per ounce and Brent crude oil at $66.25 per barrel. Investors are closely monitoring these prices as they reflect both global economic conditions and domestic inflationary pressures, which can affect corporate earnings and broader market sentiment.
Market watchers note that while the decline is relatively modest, ongoing geopolitical developments, domestic policy decisions, and central bank actions could continue to shape trading dynamics in the coming days.
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