ISTANBUL: The Turkish lira weakened slightly in thin trading on Monday ahead of a weeklong religious holiday, while stocks inched lower in line with emerging markets peers.
The lira weakened to 1.9875 to the dollar by 0709 GMT from 1.9820 late Friday. The 10-year benchmark bond, which closed with a yield of 8.74 percent Friday, was untraded.
Financial markets in Turkey will close at 12:40 p.m. (0940 GMT) and remain shut for the rest of the week to observe the Muslim holiday of Eid al-Adha.
The main Istanbul share index was down 0.13 percent at 76,079.72 points, in line with a 0.14 percent fall on the broader emerging markets index.