Turkish stock market opens steady

Following a downturn of 2.08% at the previous session's close, which saw the BIST 100 settling at 8,907.65 points, the market's opening moves reflected a cautious optimism among investors. The daily trading volume on Monday reached 107 billion Turkish liras ($3.41 billion).

In currency markets, the US dollar to Turkish lira (USD/TRY) exchange rate was recorded at 31.5980 by 10:30 a.m. local time (0730GMT). The euro (EUR/TRY) and British pound (GBP/TRY) exchange rates also saw movements, standing at 34.3190 and 40.0590, respectively.

Commodity prices saw gold priced at $2,123.65 per ounce, while Brent crude oil hovered around $82.50 per barrel, signaling a mixed sentiment in global markets.