05.04.2025 10:20
As the world economies experienced the shock of the U.S. government's decision on additional taxes, significant losses occurred in the money markets. While precious metals also lost value amid the major fluctuations in the money markets, the most profitable investment vehicle was the euro.
The money markets experienced one of their historical collapses. While the fluctuations deeply affected the entire world, it was also felt in Turkey. Stocks traded on Borsa Istanbul lost an average of 2.90% in value on a weekly basis, while the dollar/TL increased by 0.01%, the euro/TL by 1.81%, and the gram price of gold recorded a decrease of 0.80%.
2.90% WEEKLY LOSS IN BIST 100
The BIST 100 index completed the week at 9,379.83 points, which is 2.90% below the previous week's closing, after seeing a low of 9,339.67 points and a high of 9,643.17 points.
GOLD PRICES ALSO DECLINED
The gram selling price of 24-carat gold traded in the Grand Bazaar decreased by 0.80% this week to 3,720 lira, while the selling price of the republic gold fell by 0.77% to 25,180 lira. The selling price of the quarter gold, which was 6,281 lira last weekend, decreased by 0.73% to 6,235 lira.
EURO GAINED THE MOST
This week, the US dollar increased by 0.01% to 38.0140 lira, while the euro rose by 1.81% to 41.8720 lira.
Investment funds gained 0.31% this week, while pension funds increased by 0.28%. When looking at the categories, the most profitable among investment funds were the "precious metal" funds, which gained 2.91%.