Weekly market review: Stock market and gold lost value, dollar rose
Quick Look
- While the BIST 100 index in Borsa Istanbul completed the week with a loss of 4.30 percent at 14,012.42 points, gold prices decreased.
- The dollar closed the week at 48.4400 lira with an increase of 0.41 percent.
AI-generated summary
Why It Matters
Weekly market data includes Borsa Istanbul indices and changes in precious metals and foreign exchange rates.
While the stock market and gold among investment instruments lost value this week, the dollar gained value.
BIST 100 index in Borsa Istanbul completed the week at 14,012.42 points, with a decrease of 4.30 percent. The index saw the lowest point of 13,876.66 points and the highest point of 14,662.89 points during the week.
In the same period at Borsa Istanbul, the technology index decreased by 6.74 percent to 47,382.87 points, the industrial index decreased by 5.74 percent to 19,229.67 points, the financial index decreased by 2.80 percent to 19,273.82 points, and the services index decreased by 4.72 percent to 12,492.54 points.
Among the stocks included in the BIST 100 index at Borsa Istanbul, the highest rise this week was Vestel Elektronik with 18.76 percent. It was followed by Destek Finans Faktoring with 18.07 percent and Halkbank with 17.90 percent.
Among the stocks in question, the ones that lost the most value were Pacific Eurasia Logistics with 40.90 percent, Katılımevim Savings Finance with 38.14 percent and Girişim Elektrik Sanayi with 34.91 percent.
The most valuable companies whose shares were traded in Borsa Istanbul were ASELSAN with 1 trillion 770 billion 420 million liras, Tüpraş with 745 billion 560 million 89 thousand 820 liras and Garanti BBVA with 551 billion 880 million liras.
gold fell
The gram price of 24 carat gold bullion decreased by 3.77 percent to 6 thousand 890 liras compared to the end of last week, and the sales price of republic gold decreased by 3.78 percent to 44 thousand 952 liras.
The sales price of quarter gold fell to 11 thousand 284 liras, 3.72 percent below the previous week's closing.
The selling price of the dollar increased by 0.41 percent to 48.4400 liras, and the selling price of the euro increased by 0.05 percent to 56.2590 liras.
The selling price of the British pound, which was 65.6420 lira last week, decreased by 0.28 percent to 65.4550 lira this week.
The Swiss franc lost 0.51 percent of its value and was sold at 59.7740 lira.
Open Questions
- What are the main macroeconomic reasons for the decline?
