Borsa Istanbul removes two zeros from its indices
Turkey’s benchmark stock index started the week at 1,199.57 points on Monday, up 0.63%.
Borsa Istanbul on Monday removed two zeros from its indices including BIST 100 and BIST 30. It had announced the decision in February and completed test phases last week.
Previously, the stock index, established in 1987, has removed two zeros in 1997.
At Friday’s close, Borsa Istanbul’s BIST 100 index was slightly up by 0.14% at 119,201.63 points with a daily trading volume of 18.2 billion Turkish liras ($2.6 billion).
The US dollar/Turkish lira exchange rate stood at 6.8485 as of 9.30 a.m. local time (0630GMT), compared to 6.8490 at previous close.
The euro/Turkish lira exchange rate also rose to 8.0220 from 7.9570 while British pound traded for 8.8790 Turkish liras, up from 8.8270.
One barrel of Brent crude oil sold for around $43.60 as of 10 a.m. local time (0700GMT).