Turkey’s benchmark stock index spiked by 3.95%, or 3,325.23 points on Tuesday to start the day at 87,571.40 points.

At Monday’s close, Borsa Istanbul’s BIST 100 index was down 1.81% at 84,246.17 points, with a daily trading volume of 8.2 billion Turkish liras ($1.2 billion).

The U.S. dollar/Turkish lira exchange rate dropped to 6.5130 as of 09.30 a.m. local time (0630GMT) on Tuesday, versus 6.5790 at the previous close.

The euro/Turkish lira exchange rate also decreased to 7.0320, compared to 7.0980, and one British pound traded for 7.6040 Turkish liras. It was 7.6800 at the previous day’s close.


Read more: Turkey's Borsa Istanbul up nearly 4% at open