22.03.2025 10:41
This week, there were intense moments in the financial markets. The dollar, euro, and gold broke records one after another. Meanwhile, Borsa Istanbul experienced sharp declines, leading to the implementation of circuit breakers. With the end of the week, the final balance of the markets has also emerged.
While stocks traded on Borsa Istanbul lost an average of 16.57% on a weekly basis, the dollar/TL increased by 3.65%, the euro/TL by 3.57%, and the gram price of gold rose by 4.17%. The BIST 100 index completed the week at 9,044.64 points, which is 16.57% lower than the previous week's closing, after seeing a low of 8,984.54 points and a high of 10,902.61 points.
GOLD WAS THE BIGGEST WINNER OF THE WEEK
The gram selling price of 24-carat gold traded in the Grand Bazaar increased by 4.17% this week to 3,671 lira, while the selling price of the republic gold rose by 4.13% to 24,846 lira. The selling price of the quarter gold, which was 5,903 lira last weekend, increased by 4.22% to 6,152 lira. With these prices, gold became the biggest winner of the week.
DOLLAR AND EURO BROKE NEW RECORDS
This week, the US dollar increased by 3.65% to 38.0130 lira, and the euro rose by 3.57% to 41.3460 lira. Investment funds lost 0.49% this week, while pension funds lost 2.60%. When looking at the categories, the biggest gainers among investment funds were the "precious metal" funds, which increased by 5.83%.