BIST 100 falls 5.16% in week; gold lira prices slide

The BIST 100 index closed the week at 11,116.99 points, down 5.16% from the previous week’s close. Intraday, it touched a low of 10,707.18 and a high of 11,806.76 points. The exact closing date was not given in the weekly summary.

Gold fell across the board in lira terms. The gram sale price of 24-carat bullion gold at the Kapalıçarşı bazaar dropped 4.18% to 6,370 lira. The Republic gold sale price fell 3.34% to 41,880 lira, while the quarter gold price slid 3.37% to 10,520 lira from 10,887 lira the previous weekend.

Currencies hold steady against the lira

The US dollar rose 0.36% over the week to 49.7060 lira. The euro edged up 0.03% to 55.7790 lira, a far smaller move.

By our market data, as of 19:20 GMT on 23 October, gold stood at $3,996.60 an ounce, its lowest in 31 days. EUR/USD was at $1.1195, near its 31-day low.

Funds mixed as money market vehicles gain

Investment funds lost 1.90% over the week, and pension funds lost 2.25%.

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Data: LBMA · Swissquote