The Stock Market Rose This Week, Gold Lost Value: Details

This Week's Investment Agenda

Among the notable developments in the financial world, movements in Borsa Istanbul stood out. This week, the BIST 100 index gained %1.81, closing the week at 11,498.38 points. During this period, the index traded at a low of 11,102.18 points and a high of 11,498.38 points.

Changes in the Indices

Throughout the week, various sectoral indices of Borsa Istanbul also showed a positive performance. The notable value increases were as follows:

• Technology index: Up by %1.11, reaching 28,720.15 points
• Financial index: Increased by %1.01 to 16,760.87 points
• Industrial index: Rose by %0.26 to 14,229.16 points
• Services index: Increased by %0.06 to 10,665.04 points

Top Gaining and Losing Stocks

Among the stocks included in the BIST 100 index, the companies providing the largest gains this week were:

• Qua Granite Dream Building and Products Industry Trade Inc: Up by %11.72
• Borusan Pipe: Increased by %10.91
• Yapı ve Kredi Bankası: Gained %8.36

On the other hand, the stocks that lost value were as follows:

• Pasifik Donanım Yazılım ve Bilgi Teknolojileri AŞ: Down by %26.41
• İzdemir Enerji: Decreased by %14.37
• TAB Gıda: Lost %8.78

Most Valuable Companies

Among the most valuable companies listed on Borsa Istanbul are ASELSAN (1 trillion 49 billion 712 million lira), Garanti BBVA (628 billion 740 million lira), and Enka Construction and Industry Inc (480 billion 600 million lira).

Gold Prices on the Decline

Another significant development of the week was the gold prices. The price of 24-carat gold bullion declined by %3.20, falling to 6,045 lira. The Republic gold also decreased by %3.19, trading at 40,751 lira.

Foreign Exchange Rates

There were fluctuations in foreign exchange rates as well. This week, the dollar increased by %0.37 to 43.0380 lira, while the euro decreased by %0.36 to 50.4900 lira. The selling price of the British pound fell by %0.18 to 57.9700 lira. The Swiss franc also decreased by %0.35, trading at 54.3260 lira.