Borsa Istanbul hits another all-time high at open

ISTANBUL

Turkey’s benchmark stock index hit a new all-time high, climbing to 114,258.03 points in the Nov. 2 opening session. The news has come just hours before President Recep Tayyip Erdoğan is due to announce a joint automotive enterprise in which local companies will aim to produce the country’s first indigenous car.

BIST 100 index rose 1,233.76 points or 1.09 percent in the opening session.

The banking and holding sector indices rose 1.23 and 1.25 percent, respectively.

All sector indices were up, however, the trade sector index performed the best, gaining 1.69 percent.

Turkey’s benchmark stock index previously posted its highest ever close at 113,024.27 points along with the largest trade volume on Nov. 1. 

The U.S. dollar/Turkish Lira exchange rate dropped to 3.8080 at 9.30 a.m. local time (0630GMT) on Nov. 2, compared with 3.8210 at the Nov. 1 close.

In addition, the euro/Turkish Lira exchange rate went up to 4.4430 at 9.30 a.m. local time on Nov. 2, compared with 4.4370 at the Nov. 1 close.

The price of Brent crude oil price dropped to $60.61 per barrel on Nov. 2 at 9.30 a.m. local time, down from $60.90 at 6 p.m. local time (1500GMT) the previous day.