The winning and losing investment vehicles of the week in financial markets have been determined. On a weekly basis, declines in Borsa İstanbul equities and gold prices stood out, while limited increases were seen in foreign exchange rates.
Equities traded on Borsa İstanbul finished the week with an average loss of 5.16 percent. The BIST 100 index saw a low of 10,707.18 and a high of 11,806.76 points during the week. The index fell by 5.16 percent compared to the previous week's close, dropping to 11,116.99 points.
According to Grand Bazaar data, the gram selling price of 24-karat gold bullion fell by 4.18 percent on a weekly basis to 6,370 liras. Quarter gold was traded at 10,520 liras with a 3.37 percent decrease, while Republic gold was traded at 41,880 liras with a 3.34 percent loss.
In the foreign exchange market, movements remained within a narrow band. The US dollar rose by 0.36 percent on a weekly basis to 49.7060 liras. The increase in the euro remained limited at 0.03 percent, and the exchange rate closed the week at 55.7790 liras.
The general outlook in the fund market was negative. Investment funds lost an average of 1.90 percent weekly, while pension funds lost 2.25 percent. Among fund categories, the only group to provide positive returns was money market funds, which rose by 0.62 percent.
News Source: 12punto
