Tuba Ongun
05 June 2023•Update: 05 June 2023
ANKARA
Türkiye's benchmark stock index ended Monday at 5,372.66 points, jumping 5.04% from the previous close.
Starting the week at 5,233.23 points, Borsa Istanbul's BIST 100 index gained 257.69 points.
Investors' sentiment was boosted by new appointed economy management in Türkiye on Saturday following the May elections.
A rule-based, predictable Turkish economy will be the key to achieving the desired prosperity, Türkiye's new finance minister pledged on Sunday as he assumed his duty in a handover ceremony.
"Türkiye has no choice but to return to a rational ground," Mehmet Simsek, who was named the finance and treasury minister on Saturday by President Recep Tayyip Erdogan in a renewed Cabinet lineup, said.
The index's lowest value on Monday was 5,204.48, while its daily high was 5,374.58.
The total market value of BIST 100 was around 3.97 trillion Turkish liras ($199 billion) by market close, with a daily trading volume of 102 billion Turkish liras ($4.82 billion).
The price of an ounce of gold was $1,973.45, while Brent crude oil sold for around $77.14 per barrel as of 6.51 p.m. local time (1551GMT).
The US dollar/Turkish lira exchange rate was 21.2548, the euro/lira exchange rate was 22.7689, and the British pound traded at 26.4243 Turkish liras.
