Dec 09, 2024 (MENAFN via COMTEX) --
(MENAFN) On Monday, Turkiye's benchmark stock index, the BIST 100, opened at 10,174.96 points, marking an increase of 0.93 percent or 93.96 points compared to the previous close. This positive performance follows a strong showing on Friday, when the index rose by 1.46 percent, reaching 10,081 points. The daily transaction volume on Friday was reported at 106.1 billion liras (about USD3.05 billion), indicating strong market activity.
By 10:30 AM (0645 GMT) on Monday, the exchange rates were as follows: the US dollar was trading at 34.8170 Turkish lira, the euro at 36.7790 lira, and the British pound at 44.3840 lira. These values reflect ongoing fluctuations in the Turkish currency market, influenced by both domestic and international economic factors.
In terms of commodities, gold prices were on the rise, with one ounce priced at USD2,647.56. This indicates continued investor interest in gold as a safe haven amid global economic uncertainties. Meanwhile, the price of Brent crude oil was reported at USD71.4 per barrel, reflecting the volatile nature of energy markets in the current geopolitical and economic environment.
Overall, the market data suggests a positive outlook for Turkiye's stock index on Monday, with strong trading volumes and fluctuations in exchange rates and commodities. The ongoing movements in gold and oil prices, alongside the exchange rates, are likely to play a key role in shaping market trends in the coming days.
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