BIST 100 Index Movement
The BIST 100 index started the week at a low of 9,274.55 and reached a high of 9,838.01, ultimately closing the week at 9,685.49 points, which is a decrease of 0.88% compared to the previous week’s closing.
Gold Prices Update
The gram selling price of 24-carat gold in the Grand Bazaar increased by 2.29% this week, reaching 2,812 lira, while the selling price of the republic gold rose by 0.89% to 18,507 lira.
The selling price of a quarter gold, which was 4,605 lira last weekend, has now increased to 4,650 lira.
Currency Exchange Rates
This week, the US dollar depreciated by 0.16% to 33.9250 lira, while the euro declined by 0.19% to 37.6260 lira.
Investment Fund Performance
Investment funds lost 0.89% in value this week, while pension funds decreased by 0.97%.
Among the categories of investment funds, the “Money Market” funds provided the highest return, with an increase of 0.98%.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
