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10-05-23

Turkey's Benchmark Stock Index Falls Slightly, While Exchange Rates, Commodity Prices Remain Stable

(MENAFN) Türkiye's benchmark stock index opened on Tuesday at 4,547.21 points, a decrease of 0.32 percent or 14.73 points from the previous close. The Borsa Istanbul's BIST 100 index closed on Monday at 4,561.94 points, up 3.66 percent, with a daily trading volume of 42 billion Turkish liras (USD2.16 billion). While the benchmark index has fallen slightly at the opening of trading on Tuesday, it remains in a relatively stable position.

The US dollar/Turkish lira exchange rate was at 19.5114 as of 9.58 a.m. local time (0658GMT), with the euro/lira exchange rate standing at 21.4510. Meanwhile, a British pound traded for 24.6555 Turkish liras. These exchange rates indicate a level of stability, with no significant fluctuations in currency values.

Brent crude oil was selling for around USD76.34 per barrel, while the price of an ounce of gold was USD2,031.05. These commodity prices have remained relatively stable, with only minor fluctuations in value. These stable prices reflect a relatively calm market environment, with no major economic or political events affecting commodity prices.

In summary, while Türkiye's benchmark stock index has fallen slightly at the opening of trading on Tuesday, the Borsa Istanbul's BIST 100 index closed on Monday at a relatively high level. Additionally, the US dollar/Turkish lira and euro/lira exchange rates, as well as commodity prices, have remained relatively stable. These stable market conditions reflect a generally calm economic environment in Türkiye, with no major events affecting the country's financial markets.

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