Bond Market Turmoil in Global Markets: While Losses on the Istanbul Stock Exchange Exceeded 5%, Attention Turned to Inflation.
5 Articles
5 Articles
Rising inflation concerns and increasing bond yields in global markets created selling pressure on equities. The Istanbul Stock Exchange (BIST 100) closed the week with a sharp decline, while market attention turned to the September inflation data to be released domestically.
The Istanbul Stock Exchange (BIST) ended the week with losses for gold and Euro investors. The BIST 100 index fell by 4.88%, gram gold by 1.53%, while the dollar gained 0.14%. Money market funds also yielded a return of 0.64%.
Losses continue in the markets following the fund scandal. The BIST 100 index of the Istanbul Stock Exchange surged on the last day of the week but ended the week with a sharp drop of 4.88 percent. CW Enerji experienced a loss of 18.84 percent, while Bera Holding was the week's winner.
The BIST 100 index on the Istanbul Stock Exchange closed the week at 12,270.18 points, 4.88 percent below the previous week's closing, after reaching a low of 11,926.04 points and a high of 12,750.45 points. Weekly data...
The BIST 100 index finished the week at 12,270.18 points, 4.88 percent below the previous week's closing level. The price of gold per gram fell by 1.53 percent to 6,613 Turkish lira, the euro/TL rate dropped by 0.69 percent to 55.4680 lira, while the dollar/TL rate rose by 0.14 percent to 49.0350 lira.
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