Economy in Turkey: Last week’s returns for various investment instruments in finance sector
Last week, stocks traded on Borsa Istanbul gained an average of 0.85% on a weekly basis.The USD/TRY (US Dollar to Turkish Lira) exchange rate increased by 0.55%, reaching 28.5660 TRY. The EUR/TRY (Euro to Turkish Lira) exchange rate rose by 0.30%, reaching 30.5270 TRY.
ISTANBUL STOCK MARKET
The BIST 100 index ranged from a low of 7,738.66 to a high of 7,942.82 points during the week, finishing at 7,771.34 points with a 0.85% gain compared to the previous week’s closing.
GOLD PRICES
The gram selling price of 24-carat gold bullion in the Grand Bazaar decreased by 1.92%, reaching 1,786 TRY.
The price of the Republic gold decreased by 1.94%, reaching 12,000 TRY. The price of a quarter of gold, which was 2,993 TRY last weekend, decreased to 2,940 TRY.
US DOLLAR / TL AND EURO / TL RATES
The USD/TRY exchange rate increased by 0.55%, reaching 28.5660 TRY. The EUR/TRY exchange rate increased by 0.30%, reaching 30.5270 TRY.
INVESTMENT FUNDS
Investment funds gained 1.38%, and individual retirement funds gained 1.20% during the week. Among investment funds, “Equity” funds performed the best, gaining 2.42%.
