Turkish stock market breaks new records above 2,601 points


Türkiye’s benchmark stock index saw a new record-high closing on Thursday, and climbed to a fresh all-time high during trading hours, by surpassing 2,601 points in both measures.

Borsa Istanbul closed at 2,601.56 points with a daily gain of 1.28%. Starting the day at 2,578.72 points, the index rose 32.80 points from Wednesday’s previous record closing of 2,568.76.

The index’s lowest value during the day was 2,565.09 points and its highest was 2,603.34 – an all-time high.

Its total market value was more than 2.1 trillion Turkish liras ($128.5 billion) by market close, with a daily trading volume of 40.8 billion Turkish liras ($2.5 billion).

During the fourth transaction day of the week, 66 stocks on the index rose, 29 fell, and five remained unchanged compared to Wednesday’s close.

The highest trading volumes were posted by national flag carrier Turkish Airlines, polyester producer Sasa, and private lender Akbank.

Home appliance manufacturer Arcelik was the best performer of the day, with its shares up 7.79%, while Industrial Development Bank of Türkiye saw the biggest drop of 8.7%.

One ounce of gold traded for $1,860 by market close, up from $1,832.70 at the previous close, according to data from Borsa Istanbul’s Precious Metals and Diamond Markets.

The price of Brent crude oil was up 1% to $117.50 per barrel as of 6.37 p.m. local time (1537GMT).

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