BIST 100 Weekly Performance: 4.77% Loss in Value

BIST 100 Index Closes the Week with a Decline

The BIST 100 index saw its lowest level at 10,053.74 points during the past week and then rose to 10,683.00 points. However, it completed the week at 10,208.76 points, marking a decline of 4.77 percent compared to the previous week's closing.

Significant Increase in Gold Prices

The gram selling price of 24-carat gold in the Grand Bazaar reached 5,760 lira with a 7.74 percent increase this week, while the selling price of the republic gold rose to 38,842 lira with a 7.69 percent increase. The selling price of the quarter gold, which was 8,955 lira last weekend, increased by 7.74 percent to 9,648 lira.

Currency Exchange Rates and Fund Performances

During this period, the US dollar increased by 0.30 percent to 41.9530 lira, while the euro decreased by 1.30 percent to 49.0060 lira. Investment funds generally experienced a 0.32 percent loss, while pension funds saw a decline of 0.71 percent. When categorized, the most profitable investment funds included precious metal funds, which ranked first with 3.37 percent returns. This indicates that the rise in gold has become attractive for investors.

The Importance of Developments in the Markets

Fluctuations in the BIST 100 index and the increase in gold prices signal how the general direction in the markets and investor attention are affected. Investors making strategic moves by considering such changes serve as a precaution against uncertainties in the markets.