Borsa Istanbul’s benchmark BIST 100 index advanced 3.25 percent over the week to close at 14,467.25 points. During the week, the index fluctuated between a low of 14,000.94 points and a high of 14,673.07 points.
Sector trends and single stocks
Sector indices showed divergent weekly moves across the exchange. The industry index climbed 4.35 percent to end at 20,065.47 points, while the financials index gained 2.81 percent to close at 19,815.90 points, and the services index advanced 2.41 percent to reach 12,793.68 points. Bucking the positive trend, the technology index fell -2.80 percent over the week, finishing at 46,057.38 points.
Among individual equities, Pasifik Teknoloji posted a weekly increase of 31.49 percent. Sasa Polyester climbed 23.14 percent. Petkim shares also advanced, adding 23.03 percent over the week. Conversely, steep weekly drops emerged in Odine Teknoloji, which fell -40.89 percent, and Pasifik Eurasia Lojistik, which moved down -40.85 percent. Shares of Baticim Bati Anadolu Cimento registered a weekly decline of -13.09 percent.
Market valuations and currencies
ASELSAN, Tupras, and Koc Holding were the most valuable companies traded on Borsa Istanbul at the close of the week. ASELSAN held a market valuation of 1,795,500,000,000 TRY, Tupras stood at 796,730,000,000 TRY, and Koc Holding closed the week with a market capitalization of 571,845,000,000 TRY.
Turkish lira exchange rates against major foreign currencies saw mixed weekly adjustments. The selling price of the US dollar against the lira increased 0.34 percent over the week to 48.6050 TRY. The euro gained 0.38 percent to reach 56.4710 TRY, while the British pound, which sat at 65.4550 TRY in the previous week, gained 0.54 percent to end at 65.8100 TRY. The Swiss franc retreated -0.14 percent against the lira, ending the week at 59.6930 TRY.
Domestic precious metals prices moved lower. The selling price of 24-carat gold bullion fell -0.87 percent over the week to 6830 TRY per gram. Cumhuriyet gold slipped -1.03 percent to 44,490 TRY, while quarter gold declined -0.83 percent to 11,190 TRY.
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Source: Borsa Istanbul
