Weekly outlook at Borsa Istanbul: BIST 100, gold and euro lost value

Stocks traded in Borsa Istanbul, gold and euro finished the week with a loss of value. While BIST 100 index decreased by 2.90 percent on a weekly basis, dollar/TL gained 0.38 percent in value. Mutual funds also completed the week with a loss of 2.36 percent.

WEEKLY LOSS IN BIST 100 IS 2.90 PERCENT

BIST 100 index reached the lowest point of 12,840.20 and the highest point of 13,370.03 during the week.

The index completed the week at 12,899.35 points, with a 2.90 percent decrease compared to the previous week's close.

GRAM GOLD DECREASED TO 6 THOUSAND 716 LIRAS

The gram sales price of 24 carat gold bullion traded in the Grand Bazaar decreased by 1.61 percent this week to 6 thousand 716 liras.

The sales price of Republic gold decreased by 1.33 percent to 43 thousand 860 liras.

The selling price of quarter gold decreased by 1.42 percent to 11 thousand 15 liras, from 11 thousand 174 liras at the end of last week.

DOLLAR INCREASED, EURO DECREASED

On the foreign exchange side, dollar/TL completed the week with an increase.

While the US dollar gained 0.38 percent in value to 48.9660 liras, the euro decreased by 0.18 percent to 55.8560 liras.

MUTUAL FUNDS ALSO LOST VALUE

Mutual funds lost an average of 2.36 percent this week, while pension funds lost 0.33 percent.

When examined by investment fund categories, the fund category that gained the most during the week was Money Market Funds with 0.66 percent.