Foreign Exchange Reinforced Its Buyers In Istanbul!

According to the Weekly Money and Banking Statistics published by the CBRT, foreigners purchased shares worth 123.6 million dollars in the week of June 27, according to data adjusted for market price and exchange rate movements. This has caused the share purchases made by foreigners in the last four weeks to exceed $1 billion in total. The total stock of foreigners is at the level of 22 billion 493 million dollars. Although the level reached has actually given signs that foreigners are returning to Borsa Istanbul, there is no visible increase in the stocks of foreign investors due to the rapidly depreciating TL. Foreign stock stock, which is at the level of 22 billion 493 million dollars, is almost at the same level with the 1-year average. In the same week, DIBS (Final Purchase) purchases were recorded as 27 million dollars.

While DIBS (Reverse Repo) purchases of non-residents amounted to 2.0 million dollars, DIBS (Guarantee) and DIBS (Lending) transactions were not realized. Sales of corporate debt securities amounted to 0.5 million dollars.

The market value of stocks of non-residents was $22 billion 493.6 million. GDDS (Outstanding Purchase) stocks were determined as 882.8 million dollars, GDDS (Reverse Repo) stocks were determined as 780.4 million dollars and GDDS (Guarantee) stocks were determined as 366.3 million dollars. Company debt stocks were announced as $65.2 million.

In addition, the CPI-based real exchange rate index was calculated as 51.52 points in June, which is the lowest level in 18 months. The real effective exchange rate index was revised from 57.92 points to 58.07 points in May. The D-PPI based real effective exchange rate index reached 85.87 points in June. While the real effective index based on developing countries decreased from 46.82 points to 41.42 points, the real effective index based on developed countries decreased from 67.07 points to 59.68 points.

On the other hand, FX deposits of domestic residents increased by 335.90 million dollars in a week and rose to 102 billion 600.50 million dollars. The CBRT’s gross reserves increased by 909 million dollars and its net reserves increased by 635 million dollars in a week. Gross foreign exchange reserves increased to 67 billion 155 million dollars, while gold reserves increased to 41 billion 432 million dollars. Total reserves reached 108 billion 587 million dollars. Netreserves rose to 9 billion 825 million dollars.

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