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January 2, 2024

Turkish stock exchange starts new year looking up

ISTANBUL: Trkiye’s benchmark stock index opened higher on Tuesday, the first transaction day of 2024, at 7,542.25 points, up 0.96%, or 72.07 points, from the previous close.

Borsa Istanbul’s BIST 100 index closed 2023 on Friday at 7,470.18 points, up…

Trkiye’s PMI slightly up in December

ISTANBUL: Trkiye’s Purchasing Managers Index (PMI) was slightly up from 47.2 to 47.4 month-on-month in December, S and P Global said on Tuesday.

Despite the increase, business conditions continued to moderate in the manufacturing sector, it said.

“M…

Commodity markets faced strong headwinds in 2023

ANKARA: Even though pandemic-driven global supply chain disruptions subsided in 2023, commodity markets struggled with strong headwinds such as heightened geopolitical tensions, China’s weaker-than-expected reopening, monetary tightening, a stronger U…