ANKARA (AA) - Turkish shares were relatively flat at open on Tuesday as traders opted to adopt a wait-and-see mode ahead of key announcements regarding the fate of monetary policies from the U.S. Federal Reserve and the Bank of Japan.
Borsa Istanbul's BIST 100, Turkey’s sole stock exchange, was flat compared to the previous day’s close, down only 0.02 percent or 16.18 points to open at 77,654.56 points.
Global markets as well as Turkish traders are waiting for statements from the Fed and the Bank of Japan due Wednesday, which have the potential to significantly disrupt investor sentiment
On Monday Borsa Istanbul's BIST 100, the country’s benchmark index, closed up at 2.17 percent (1650.46 points) higher at 77,670.75.
Trading in the U.S. dollar versus Turkish lira rate also remained quiet, as the rate hovers around 2.9736 at 9.00 a.m. local time (0600GMT), not much different from the previous day's value of 2.9750 at markets closed at 5.30 pm.