Turkey’s share exchange gains 4,000 points during Monday’s s…

(MENAFN) Turkey’s main share index sustained its upward trend throughout the afternoon meeting on Monday, surpassing 4,000 points for the initial time.

Borsa Istanbul’s BIST 100 index recorded 4,000.44 points at 3.40 PM regional time (1240GMT), rising 1.67 percent from the prior end.

The index started at 3,966.64 points on Monday, after its biggest-ever end of 3,934.63 points on Friday.

Shareholders request for Turkish shares surged with equity witnessed as a hedge versus increasing consumer costs.

Turkey’s Central Bank last week decreased its policy rate by 150 basis points to 10.5 percent. The yearly inflation level in Turkey stood at 83.45 percent last month.

International benchmark Brent crude exchanged at USD91.35 a barrel at 09.54 AM regional time (0654 GMT) for a 0.15 percent surge from the ending price of USD91.21 per barrel in the prior exchanging session.

American benchmark West Texas Intermediate (WTI) exchanged at USD84.70 a barrel at the same time for a 0.14 percent earn after the prior session ended at USD84.58 per barrel.

MENAFN25102022000045014228ID1105074782

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.