Stock Exchange and Foreign Exchange Rising, Making Gold Investors Lose

While the stock market and exchange rates remained in the green zone in the performance table of investment instruments this week, gold investors lost. While purchases in Borsa Istanbul, especially industrial stocks, pushed the index up, there were sharp declines on the technology side.

3.25 PERCENT INCREASE FROM BIST 100 INDEX

BIST 100 index in Borsa Istanbul closed the week at 14,467.25 points with a 3.25 percent gain in value. Following a fluctuating course, the index tested the lowest point of 14,000.94 points during the week and climbed to the highest point of 14,673.07 points.

When examined on a sectoral basis, the winner of the week was the industrial index. The industrial index increased by 4.35 percent to 20,065.47 points, the financial index increased by 2.81 percent to 19,815.90 points, and the services index increased by 2.41 percent to 12,793.68 points. The technology index, which was the favorite of previous weeks, decreased by 2.80 percent this week and fell to 46,057.38 points.

CHAMPION OF THE WEEK PACIFIC TECHNOLOGY

Among the stocks included in the BIST 100 index, the company that gained the most for its investors this week was Pacific Technology, with a huge increase of 31.49 percent. Pacific Technology was followed by Sasa Polyester with a 23.14 percent increase in value and Petkim with a 23.03 percent increase.

Technology and logistics companies were among the leading stocks that closed the week with serious losses. Odine Technology was the stock that lost the most value with 40.89 percent; It was followed by Pacific Eurasia Logistics with 40.85 percent and Batıçim Batı Anadolu Çimento with a decrease of 13.09 percent.

The top of the list of Borsa Istanbul's companies with the highest market value (most valuable) has not changed:

ASELSAN: 1 trillion 795 billion 500 million TL

Tüpraş: 796 billion 730 million TL

Koç Holding: 571 billion 845 million TL

GOLD PRICES WITHDRAWED

Gold, which broke records in recent weeks, was in a downward trend this week.

Gram Gold:

The gram price of 24 carat gold bullion decreased by 0.87 percent compared to the previous week, falling to 6,830 TL.

Quarter and Republic Gold:

While quarter gold decreased by 0.83 percent to 11,190 TL, the sales price of republic gold decreased by 1.03 percent and was traded at 44,490 TL.

EXCHANGE RATES ARE UP

A general, albeit limited, upward movement was observed in the foreign exchange market.