Türkiye's Borsa Istanbul closes Monday with new record

By Aysu Bicer

ANKARA (AA) - Türkiye’s benchmark stock index ended Monday at a new record high of 3,977.51 points, up 1.09%, or 42.89 points, from the previous close.

During the afternoon session, BIST 100 exceeded 4,000 points for the first time.

Investors' demand for Turkish stocks increased with equity seen as a hedge against surging consumer prices.

The index’s lowest value during the day was 3,939.73 points, while its daily high was 4,008.80.

The total market value of the BIST 100 was around 3.1 trillion Turkish liras ($170 billion) by market close, with a daily trading volume of 76.8 billion Turkish liras ($4.1 billion).

Oil prices fell on Monday as investors feared weak oil demand and a global economic downturn as a result of disappointing oil import data from China.

International benchmark Brent crude traded at $92.84 per barrel.