Business · Markets · 15 hrs ago

BIST 100 falls 5.16% as gold declines and currencies gain

BIST 100 falls 5.16% as gold declines and currencies gain

Turkey’s BIST 100 index fell 5.16% this week, closing at 11,116.99 points.

The decline covered the main sectors too, with the industrial index down 8.47% and the financial index down 6.64%.

Gold prices also dropped, with gram bullion falling 4.18% to 6,370 lira.

By contrast, the dollar gained 0.36% against the lira, while the euro, pound and Swiss franc also rose slightly.

Among the BIST 100 shares, Aksa Akrilik led gains, rising 3.31%, while 1000 Yatırımlar Holding fell 22.22%, the steepest drop.

The week’s figures show mixed results for investors in Turkey’s stock, gold and currency markets.

No further market outlook or next steps were given.

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