Domestic stock market continued its rise and the return gap with deposits closed
Despite uncertainties in global markets, the remarkable increase in Borsa İstanbul narrowed the return gap with deposits down to one point.
Despite economic uncertainties and the wartime environment in global markets, the domestic stock market renewed its historic peaks. Borsa İstanbul reduced the return gap with deposits to up to 1 point.
Rise Despite Global Uncertainties
In the past week, a remarkable rise was observed in the stock market, which is closely monitored by investors domestically. While uncertainties persist in global markets and pullbacks are seen in world stock exchanges, the stock market in Turkey renewed its historic peak.
Return Gap Between Stock Market and Deposits
Since the beginning of the year, deposits provided a return of 29.53 percent, while the stock market offered a return of 28.47 percent. Thus, the return gap between the stock market and deposits dropped to 1 point, and the stock market gained 3.25 percent in value in a single week.
Economists' Evaluations and Records
Economist Burak Aslan stated that the IMKB 30 tied records by trading above the highest levels it saw in May. On a BIST 30 basis, 17,500 points were seen and historic records were tested.
Reasons for the Increase in Interest in the Stock Market
The expectation that interest rates could fall in the upcoming period was influential in the increase of interest in the stock market. As interest rates decline, the appeal of the stock market continues to grow for investors keeping their money in the bank.
Latest Status on Foreign Exchange and Gold
Since the beginning of the year, the return of foreign exchange lagged behind the stock market and deposits. On the gold side, contrary to the stock market table, a week was spent where gold lost 1.27 percent and silver lost 2.48 percent in value.