Weekly market review: Latest status in stock market, gold, and foreign exchange markets
In the past week in the markets, stocks, gold, and euro lost value, while the US dollar and money market funds brought gains to investors.
In the past week in the markets, Borsa İstanbul, bullion gold, and euro prices recorded a decline, while the US dollar and certain investment fund categories finished the week with an increase.
Weekly Trend in Borsa İstanbul
The BIST 100 index saw a low of 12,840.20 and a high of 13,370.03 points during the week.
The index completed the week at 12,899.35 points, down 2.90 percent compared to the previous week's close.
Grand Bazaar Gold Prices
In the Grand Bazaar, the gram selling price of 24-karat bullion gold decreased by 1.61 percent to 6,716 liras.
The selling price of Cumhuriyet gold dropped by 1.33 percent to 43,860 liras, and quarter gold declined by 1.42 percent to 11,015 liras.
Changes in Exchange Rates
The US dollar gained 0.38 percent on a weekly basis, rising to 48.9660 liras.
The euro fell by 0.18 percent down to 55.8560 liras.
Status of the Fund Market
Investment funds lost 2.36 percent and pension funds lost 0.33 percent in value this week.
The highest-gaining fund category of the week was Money Market Funds with a 0.66 percent increase.