During the second week of July, several investment instruments showed varied performances, with some yielding notable gains. Here’s an overview of how key markets performed, including stocks, gold, foreign currencies, and various types of investment funds.
Stock Market: BIST 100 Index Shows Modest Growth
The BIST 100 index experienced fluctuations throughout the week, with a low of 9,957.84 points and a high of 10,441.05. It ultimately closed the week at 10,358.46 points, marking a 0.80% increase compared to the previous week’s close.
Gold: Consistent Gains Across the Board
Gold stood out with solid gains in all major categories:
- Gram Gold rose by 1.47%, reaching 4,330 lira per gram.
- Republic Gold Coin increased by 1.76%, climbing to 29,260 lira.
- Quarter Gold Coin gained 1.77%, ending the week at 7,252 lira.
Foreign Exchange: Dollar Leads, Euro Lags
The US dollar showed a stronger performance compared to the euro:
- US Dollar appreciated by 0.86%, finishing at 40.1770 lira.
- Euro registered a modest gain of 0.14%, reaching 47.0590 lira.
Investment and Pension Funds: Stable Returns
Both individual investment and retirement savings vehicles posted positive returns:
- Investment Funds increased by 0.76% over the week.
- Pension Funds gained 0.77%.
- Among investment fund categories, Stock Exchange Investment Funds performed the best, with a 1.36% return.
Summary
Gold was the top performer this week, particularly in coin formats, while the US dollar also delivered solid gains. The stock market and investment funds posted moderate but steady increases. The euro, while still in positive territory, lagged behind other instruments. Overall, the week favored investors, with no major asset class recording a loss.
