AIRLINK 60.29 Decreased By ▼ -0.41 (-0.68%)
BOP 6.22 Decreased By ▼ -0.08 (-1.27%)
CNERGY 4.56 Increased By ▲ 0.17 (3.87%)
DFML 16.00 Decreased By ▼ -0.19 (-1.17%)
DGKC 70.00 Decreased By ▼ -0.20 (-0.28%)
FCCL 18.00 Decreased By ▼ -0.02 (-0.11%)
FFBL 26.50 No Change ▼ 0.00 (0%)
FFL 9.13 Decreased By ▼ -0.12 (-1.3%)
GGL 10.11 Decreased By ▼ -0.19 (-1.84%)
HBL 115.95 Increased By ▲ 0.95 (0.83%)
HUBC 115.60 Increased By ▲ 0.05 (0.04%)
HUMNL 6.85 Decreased By ▼ -0.23 (-3.25%)
KEL 4.93 Decreased By ▼ -0.07 (-1.4%)
KOSM 5.58 Increased By ▲ 0.13 (2.39%)
MLCF 39.11 Increased By ▲ 0.28 (0.72%)
OGDC 128.05 Increased By ▲ 2.44 (1.94%)
PAEL 21.60 Decreased By ▼ -0.30 (-1.37%)
PIAA 13.80 Increased By ▲ 1.00 (7.81%)
PIBTL 5.98 Decreased By ▼ -0.24 (-3.86%)
PPL 114.20 Decreased By ▼ -2.30 (-1.97%)
PRL 29.10 Increased By ▲ 0.74 (2.61%)
PTC 12.38 Increased By ▲ 0.13 (1.06%)
SEARL 50.60 Decreased By ▼ -1.65 (-3.16%)
SNGP 67.20 Decreased By ▼ -0.50 (-0.74%)
SSGC 11.20 Decreased By ▼ -0.24 (-2.1%)
TELE 8.12 Decreased By ▼ -0.11 (-1.34%)
TPLP 11.50 Decreased By ▼ -0.12 (-1.03%)
TRG 74.61 Increased By ▲ 2.61 (3.63%)
UNITY 23.14 Decreased By ▼ -0.91 (-3.78%)
WTL 1.35 No Change ▼ 0.00 (0%)
BR100 6,782 Decreased By -7.3 (-0.11%)
BR30 22,886 Decreased By -191.7 (-0.83%)
KSE100 65,806 Decreased By -146.1 (-0.22%)
KSE30 22,324 Decreased By -93.3 (-0.42%)

ISTANBUL: The Turkish lira weakened 0.5% on Tuesday and was down a sixth straight session due to Russia’s invasion of Ukraine, which has also created fresh domestic inflationary pressure and risks widening the current account deficit.

The lira slipped to 14.4550 by 0621 GMT, down from a close of 14.39 on Monday.

It had weakened to 14.62 when volatility returned at the end of February as tensions between Moscow and Kyiv rose, before rebounding.

In the first two months of the year, authorities had been able to contain the lira in a tight band through costly interventions in the forex market and a scheme that protects lira deposits against depreciation.

The lira is now down some 8.8% since the end of 2021, a year in which it shed 44% of its value against the dollar.

Comments

Comments are closed.