
While the BIST 100 index in Borsa Istanbul lost 4.88 percent of its value on a weekly basis, gold and Euro investors also lost money. The dollar rose slightly.
AI-generated summary
Weekly return and loss rates of investment instruments were announced with market data.
While the stock market, gold and Euro investors lost money in the weekly performance of investment instruments, the dollar turned its direction upward, albeit limited.
SHARP DECLINE IN BIST 100 INDEX
Stocks at Borsa Istanbul lost value by an average of 4.88 percent on a weekly basis. BIST 100 index followed a fluctuating course during the week, reaching the lowest point of 11,926.04 and the highest point of 12,750.45; It finished the week at 12,270.18 points.
GOLD PRICES DECREASED IN THE GRAND BAZAAR
A downward trend was also dominant under the safe haven this week. According to Grand Bazaar data, the latest situation in the markets was as follows:
Gram Gold: It decreased by 1.53 percent to 6,613 TL.
Quarter Gold: Its price, which was 11,015 lira last weekend, decreased by 1.41 percent to 10,860 TL.
Republic Gold: The sales price closed at 43,250 TL with a loss of 1.39 percent.
DIFFERENCE IN EXCHANGE RATES
In the foreign exchange market, the dollar and the euro drew an opposite chart this week. While the US dollar completed the week at 49.0350 TL with a 0.14 percent gain in value, the Euro dropped to 55.4680 TL, causing its investors to lose 0.69 percent.
THE ONLY CATEGORY THAT MAKES YOU SMILE IN FUNDS
The decline in the stock market was also reflected in the fund markets. On a weekly basis, investment funds lost 1.86 percent and pension funds lost 0.96 percent. When all categories were examined, the only group that provided positive returns to its investors this week was "Money Market Funds" with a rate of 0.64 percent.
Fed Chairman Kevin Warsh and other officials' avoidance of clear interest rate signals reduced investors' expectations for a rate increase this month from 70% to 25%.
Minister of Commerce Ömer Bolat and TİM President Mustafa Gültepe announced the foreign trade data for September. In September, exports reached 26 billion dollars, an increase of 15.4 percent on an annual basis, reaching the second highest monthly figure in the history of the Republic.
Gold, silver, platinum and palladium prices declined in the first 9 months of the year due to the fluctuations in the commodity market following the US/Israel-Iran War and the Fed's interest rate hikes.
Togg T10X maintained its leadership with 4,237 sales despite the contraction in the automobile market in September, while T10F ranked fourth.
Minister of Commerce Ömer Bolat announced that goods exports increased by 15.4 percent in September, reaching 26 billion dollars, and an all-time September record was broken.
While the ongoing inflationary pressures in the global economy and the tightening steps of central banks led to sales in bond markets, bond interest rates and the dollar index in the USA and Europe reached their highest levels in years.