- BIST10011,483+1.32%
- USD50.07+0.05%
- EUR55.96-0.52%
- GOLD4,131.40+1.39%
- INTEREST36.00%-1.00
- BITCOIN74,455-0.35%
- November 9, 20263°
- BIST10011,483+1.32%
- USD50.07+0.05%
- EUR55.96-0.52%
- GOLD4,131.40+1.39%
- INTEREST36.00%-1.00
- BITCOIN74,455-0.35%
- November 9, 20263°
Dollar tops 50 lira as BIST 100 gains 6.7% in a week
The dollar exchange rate ended the week above 50 Turkish lira for the first time. The BIST 100 index rose 6.72%, while a gram of gold at Istanbul’s Grand Bazaar climbed to 6,520 lira.
Over the week, the US dollar gained 0.42% against the Turkish lira, closing at 50.158 lira and surpassing the 50-lira threshold for the first time. The euro rose 0.37% to 55.929 lira.
The stock market was the week’s top performer. The BIST 100 index of the Istanbul Stock Exchange gained 6.72% and closed at 11,482.60 points; during the week, it fluctuated between 10,626.34 and 11,617 points.
Gold prices also rose. At Istanbul’s Grand Bazaar (Kapalıçarşı), a gram of 24-karat gold sold for 6,520 lira, up 3.57% from the previous week. The Cumhuriyet gold coin rose 4.24% to 42,928 lira, while the quarter gold coin increased 3.97% to 10,750 lira.
The average weekly return on Turkish investment funds was 0.84%, while pension funds returned 1.10%. Equity funds posted the best performance, at 2.51%.
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