BIST 100’s Turbulent Week and Gold’s Double Surge: How Investment Funds Outperformed

The BIST 100 index showcased the week’s volatility, swinging from 13,376.01 points to 13,956.18 points and closing the week with a 2.39% rise at 13,779.39 points.

BIST 100’s Pull‑Back and Closing Surge

■Week’s low: 13,376.01 points; high: 13,956.18 points.

■Closed 2.39% above the previous week’s close, indicating a modest improvement in risk appetite.

■The index’s swing reflects the sensitivity of domestic and foreign capital to short‑term liquidity flows.

Dual Gold Rally: 24‑Karat Bars and Cumhuriyet Coin

■24‑karat bar price rose 8.29% to 6,664 TRY per gram.

■Cumhuriyet coin price climbed 8.12% to 43,532 TRY.

■Quarter gold surged 8.25% to 10,936 TRY.

■The surge mirrors the Turkish lira’s depreciation and global inflationary pressures.

Dollar and Euro Fluctuations: Impact on the Lira

■The U.S. dollar increased 0.37% to 47.7030 TRY.

■The euro rose 1.20% to 55.1720 TRY.

■These movements suggest short‑term turbulence in trade and capital flows.

Fund Flows: Precious‑Metals Funds Lead the Pack

■Investment funds gained 1.59%, while pension funds rose 2.32%.

■The top‑performing category was Precious‑Metals Funds, up 4.76%.

■This distribution highlights investors’ shift toward protection‑oriented assets.

Fatih Kılıç: The BIST 100’s behavior this week underscores the dominance of technical factors in an environment where macro‑economic data surprises are limited. The concurrent rise in gold and foreign exchange points to a continued expectation of Lira depreciation and a risk‑off tilt. The flow into precious‑metals funds signals heightened demand for inflation hedges; investors are likely to maintain a gold bias to cushion short‑term volatility in the weeks ahead.