Published On: Thu, Jul 6th, 2017

Stock market Istanbul starts the day at 100.855,30 points by 0.11 per cent rise


At the opening, while BIST 100 index increased by 110.85 points, banking index increased by 0.10 percent and holding index increased by 0.23 percent. Among sector indexes the most profitable was investment trust portfolio with 1.08 percent whereas insurance sector had the highest drop by 0.33

The BIST 100 index, which reached its highest level in history with 101.415.68 points yesterday, could not hold at these levels due to the negative impact of the exchange rate rise. The index lost 0.46 percent in sales during the last hour, closing the day at 100,744.45 points.

Analysts stress that the G-20 summit, to start tomorrow, could have an effect on the direction of the markets, saying that the Fed’s meeting minutes did not give a new clue about downsizing of the balance sheet and that global markets followed a complicated course.

Analysts also comment data to be announced – including the minutes of the European Central Bank meeting and the ISM non-manufacturing index in the US. – will be followed and point to 100,000 and 99,000 levels of technical support and 102,200 and 104,000 levels of resistance.

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