Weekly performance of investment instruments and new credit card regulation
As weekly closing data became clear in the markets, gram gold and the dollar recorded increases. Meanwhile, the BRSA made a new regulation on credit card minimum payment limits.
While Borsa İstanbul and the euro finished the week with declines, gram gold and the US dollar/TRY were among the investment instruments that gained value. During the same period, investment funds declined in the financial markets while pension funds generated gains.
Weekly Course of Borsa İstanbul
In the weekly performance of stocks traded on Borsa İstanbul, the BIST 100 index decreased by 0.03 percent compared to the previous week. After seeing a low of 12,038.79 points and a high of 12,528.60 points throughout the week, the index closed the week at 12,265.98 points.
Latest Status in Gold Prices
The gram selling price of 24-karat bullion gold traded in the Grand Bazaar increased by 0.48 percent on a weekly basis to reach 6,645 liras. Republic gold rose to 43,310 liras, while the selling price of quarter gold increased by 0.21 percent to 10,883 liras.
Changes in Exchange Rates
The US dollar gained 0.63 percent on a weekly basis to rise to 49.3430 liras, while the euro dropped by 0.39 percent down to 55.2490 liras. This mobility in the foreign exchange market was among the prominent economic data of the week.
Investment and Pension Funds
Investment funds finished the week with a 0.15 percent loss, whereas pension funds gained 0.31 percent in value. Among the investment fund categories, the top gainer of the week was debt instruments funds, providing a return of 0.66 percent.
Credit Card Minimum Payment Limit
With the amendment made by the Banking Regulation and Supervision Agency in October, the credit card minimum payment ratio limit was changed. According to the new regulation, those with a limit of 100,000 TL and below will pay a minimum of 20 percent, while those with a limit above this amount will pay 40 percent.