Turkish stocks looking up midweek opening

BIST 100 index rises 3.55 points from previous close ahead of Turkey's Q2 economic growth data

By Tuba Sahin

ANKARA (AA) – Turkey's benchmark stock index opened at 1,475.62 points on Wednesday, up 0.24% or 3.55 points from the previous close.

At Tuesday's close, Borsa Istanbul's BIST 100 index hit a five-month high at 1,472.07, posting a daily trading volume of 12.1 billion Turkish liras (nearly $1.5 billion).

The US dollar/Turkish lira exchange rate rose to 8.3400 as of 9.30 a.m. local time (0630GMT) versus 8.3280 at the previous close.

The euro/Turkish lira exchange rate stood at 9.8400 compared to 9.8490, while one British pound traded for 11.4600 Turkish liras, versus 11.5000 at the previous close.

One barrel of Brent crude oil was sold for $72.10 as of 10 a.m. local time (0700GMT).

Analysts said investors Wednesday would follow Turkey’s GDP figures for the second quarter of 2021 set to be released by the Turkish Statistical Institute and PMI data by IHS Markit.

Kaynak:

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