This week’s top-performing investments revealed as stocks, gold, and currencies see notable increases.
This week witnessed significant gains across various investment avenues in Turkiye. The standout performers included stocks, gold, and foreign exchange, all showing promising returns. Gold led the way with a robust 2.20% increase, followed closely by gains in the stock market, Euro, and Dollar. Stocks listed on the Borsa Istanbul saw an average weekly rise of 1.96%, while the price of gold per gram surged by 2.20%. Similarly, the Euro to Turkish Lira exchange rate climbed by 1.83%, and the Dollar to Turkish Lira rate increased by 1.09%.
The BIST 100 index fluctuated between its lowest point of 10,708.98 and its highest at 11,113.55 before closing the week at 11,064.85, marking a 1.96% increase from the previous week’s close.
In the realm of precious metals, the gram selling price of 24-carat gold rose by 2.20% to reach ₺2,559 in the Grand Bazaar, while the selling price of Republic gold coins increased by 2.12% to ₺16,740. Quarter gold, which was priced at ₺4,114 last weekend, rose to ₺4,201 this week. Meanwhile, the US Dollar appreciated by 1.09% to ₺33.0750, and the Euro saw a 1.83% increase to ₺36.0410.
Investment funds and retirement funds also saw gains this week, with a 1.43% increase overall. Among investment funds, the top performers were “Equity Funds” and “Fund Basket” funds, which achieved returns of 1.95%.
This week’s market movements underscore a positive trend across major investment categories, providing insights into emerging opportunities and investor sentiment in Turkiye.
Source: Dunya.com / Prepared by Irem Yildiz