Weekly market recap: Stocks fall as currencies rise
Financial assets recorded mixed performances during the week of October 12–16. On Borsa Istanbul, the BIST 100 index fell 4.44% over the week, closing at 11,721.72 points, while foreign exchange rates increased.
The USD/TRY exchange rate rose 0.37% to TRY 49.5270, while EUR/TRY climbed 0.93% to TRY 55.7610. In Istanbul's Grand Bazaar, gold prices per gram edged up 0.05% to TRY 6,648, while the Turkish Republic gold coin gained 0.04% to TRY 43,327.
Weekly losses also dominated the fund market. Investment funds declined by an average of 1.79%, while pension funds lost 0.13%. Among investment fund categories, money market funds delivered the highest return, gaining 0.83%. Overall, foreign currencies and gold recorded modest gains during the week, while selling pressure prevailed across Borsa Istanbul and the investment fund market.
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