The dollar started the last day of the week with an increase at 48.96 TL. Euro started from 55.71 TL.
Fund effects continue in Borsa Istanbul… Waves of selling high volume shares to create liquidity for liquidation of funds and repayments continue. Banking stocks lost more than 3 percent in yesterday’s sales.
Masak announced that they reported the names of 12 people in the fund to the prosecutor’s office before some of Tera’s excessively rising funds were processed in TEFAS.
A fund meeting is being held under the chairmanship of President Erdoğan and Minister of Treasury and Finance Mehmet Şimşek, who is in the USA. At the meeting, the latest developments regarding the funds and repayments will be on the agenda. The statement about the meeting is expected to be made today.
On the other hand, Minister Şimşek flatly denied the resignation news about him.
Regarding the funding scandal, President Erdoğan told journalists on the plane returning from the USA, “There is no systemic risk.” made the statement. Stating that necessary action will be taken against those responsible, Erdogan said, “We will ensure that whatever measures are needed, including legal and administrative regulations, are implemented to prevent a similar problem from occurring again.”
The effects of last week’s turmoil were reflected in banking data. CBRT reserves decreased by 4.3 billion dollars to 174.4 billion dollars. Dollar deposits increased by 3 billion 30 million dollars. There was an increase of 434.8 billion lira in TL deposits.
The dollar is gaining strength in global markets. The DXY Index, which measures the strength of the dollar against other currencies, exceeded 101. Yesterday, oil prices fell again after rising to 108 dollars.
There is no important data in the markets today. However, markets are watching the dollar and US 10-year bonds.
