There is a fluctuating trend in the markets… The stock market lost over 5% in value. After hitting record highs with the dollar exceeding 41 lira and the euro surpassing 45 lira, they both turned downwards. Meanwhile, gram gold tested 4,000 lira.

The BIST 100 index in Borsa Istanbul started the day with a 6.87% decline at 10,060 points. Following a sharp drop in the index, the circuit breaker system was activated as of 09:55, temporarily halting trading. Upon resuming trading, the index is now trading at 10,162 points, recording a loss of over 5%. Analysts noted that technically the support levels in the BIST 100 index are at 10,000 and 9,900, while resistance levels stand at 10,100 and 10,200 points.

RISE INTENSIFIES IN DOLLAR AND EURO The Dollar/TL broke records by exceeding 40 with over 11% increase. The exchange rate dropped below 39 as the session progressed.

After exceeding the 45 level, Euro/TL balanced at 42.79. Sterling/TL also tested above the 50 level.

As of 13:00, Dollar/TL is trading at 38.93, while Euro/TL is changing hands at 42.61.

GRAM GOLD AT 4,000 LIRA Gram gold hit a record high as a result of the rise in the dollar and gold. For the first time in history, gram gold surpassed 4,000 lira.

After the selling pressure from the peak, the price of a gram of gold dropped to 3,780 lira.