Market is experiencing volatile trading… The stock exchange lost over 5% in value. After hitting record highs by surpassing 41 liras for the dollar and 45 liras for the euro, they turned downwards. Meanwhile, the gram gold tested 4,000 liras.

In Borsa Istanbul, the BIST 100 index started the day with a 6.87% decrease at 10,060 points. Following a sharp decline in the index, the circuit breaker system was activated at 09:55, temporarily halting transactions. After the resumption of trading, the index is trading at 10,162 points with over 5% loss. Analysts noted that technically the support levels for BIST 100 index are at 10,000 and 9,900, while the resistance levels are at 10,100 and 10,200 points. RISE IN DOLLAR AND EURO ACCELERATED The Dollar/TL reached a record high by surpassing 40 with an increase of over 11%. Later in the session, the exchange rate dropped below 39.

Following the euro surpassing 45 liras, Euro/TL balanced at 42.79. Pound/TL, on the other hand, tested above the 50 band.

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

GRAM GOLD TESTED 4,000 LIRAS Due to the rise in the dollar and gold prices, gram gold hit a record high. For the first time in history, gram gold exceeded 4,000 liras.

After selling off at the peak, the gram gold price dropped to 3,780 liras.