Kontrolmatik Emerges as Top Gainer Despite BIST 100 Index Dropping by 3.84%
This week, gold and the dollar proved to be the winning investment choices as Borsa Istanbul struggled with losses. The BIST 100 index concluded the week with a significant decline, dropping 3.84% to close at 10,473.47 points. Throughout the week, the index fluctuated, hitting a low of 10,415.62 and peaking at 10,880.04 points.
The sectoral indices also experienced declines, with the Financial Index falling by 4.42% to 11,750.16 points, the Services Index decreasing by 2.68% to 10,088.90 points, the Industrial Index dropping by 3.25% to 14,291.91 points, and the Technology Index slipping by 2.80% to 14,378.60 points.
Kontrolmatik Leads as Top Gainer Amidst Market Volatility
Despite the overall downturn, Kontrolmatik Teknoloji emerged as the week’s top performer on the BIST 100, gaining 10.80%. Following Kontrolmatik were Limak Dogu Anadolu Cimento with a 9.14% increase and Tukas Gida Sanayi ve Ticaret, which rose by 8.35%.
On the flip side, Arcelik suffered the largest loss, with its shares plummeting by 15.78%. Agrotech Teknoloji and Emlak Konut Gayrimenkul Yatirim Ortakligi also faced significant declines, losing 12.01% and 10.73%, respectively.
Among the most valuable companies listed on Borsa Istanbul, Koc Holding led the pack with a market value of ₺529.5 billion, followed by Garanti BBVA at ₺521.6 billion and Turkish Airlines at ₺402.3 billion.
Gold and Dollar Show Resilience
In the currency and commodity markets, 24-carat gold saw a 2.57% increase in its gram price, reaching ₺2,595. The price of Republic gold also rose, gaining 3.13% to hit ₺17,120.
The dollar appreciated by 0.69%, with its selling price climbing to ₺33.1940, while the euro saw a 1.15% rise, selling at ₺36.2200. The British pound also inched up by 0.47%, selling at ₺42.6050. Meanwhile, the Swiss franc surged by 3.27%, reaching ₺38.5660.
Source: NTV / Prepared by Irem Yildiz