Turkish stock exchange opens week in the red

By Tuba Ongun

Türkiye's benchmark stock index, the BIST 100, opened Monday at 9,117.38 points, falling 2.80% or 262.45 points from the previous close.

On Friday, Borsa Istanbul's BIST 100 index wrapped up the week with a 1.1% decline, closing at 9,379.83 points and recording a daily trading volume of 94 billion Turkish liras ($2.47 billion).

As of 9.54 am local time (0654GMT), the US dollar/Turkish lira (USD/TRY) exchange rate stood at 38.0096, the EUR/TRY rate was 41.8798, and the GBP/TRY rate was 49.0380.

The price of one ounce of gold was $3,043.69, while the barrel price of Brent oil was around $63.29.