Turkish Stock Exchange Opens Friday with Slight Increase
The modest uptick follows Thursday's session, when the BIST 100 recorded a marginal 0.03% decline to settle at 11,336.18 points, accompanied by daily transaction volume totaling 62 billion liras ($1.45 billion)—indicating relatively subdued market activity.
Currency Markets Show Lira Weakness
As of 10 am local time (0700GMT), foreign exchange markets reflected continued depreciation pressure on the Turkish lira across major currency pairs.
The US dollar/Turkish lira exchange rate stood at 42.9250, while the euro/Turkish lira pair reached 50.5790. The British pound commanded 57.9550 liras, highlighting persistent challenges for Türkiye's national currency amid ongoing economic headwinds.
Commodities Post Mixed Signals
Global commodity markets displayed divergent trends in early Friday trading, with gold priced at $4,511.80 per ounce—maintaining elevated levels as investors seek safe-haven assets amid global uncertainty.
Brent crude oil traded at $61.90 per barrel, reflecting moderate energy market activity as global supply and demand dynamics continue to evolve.
Friday's opening gains suggest tentative optimism among investors in Türkiye's equity markets, though the modest magnitude of the advance indicates cautious positioning ahead of potential volatility.
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