Turkey’s benchmark stock index starts on the red side

(MENAFN) The benchmark stock market index for Turkey started the day at 2,489.74 points, down 64.34 points, or 2.52%, from the previous end.

With a daily trading turnover of 34.99 billion Turkish lira ($2 billion), Bursa Istanbul’s BIST 100 index rose 0.43% to 2,554.08 points on Friday. .

The Turkish lira strengthened against foreign currencies following the banking watchdog’s decision on Friday night that restricts commercial lending for companies with a particular amount of foreign currency.

As of 10:00 a.m. regional time (0700 GMT), the US Dollar/Turkish Lira rate fell to 16.5870 from 17.3700 at the previous close.

One pound sterling was worth 20.3650 Turkish liras, against 21.3980 at the end of the previous week, and the euro/lira exchange rate fell to 17.5095 against 18.3120.

An ounce of gold cost $1,838.75, while Brent crude oil was selling for around $108.98 a barrel.


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