Borsa Istanbul returns to positive following four consecutive trading days of losses

After ending the previous four trading days with losses, Borsa Istanbul started the fourth day of the week on a positive note. Additionally, yesterday, the Central Bank of the Republic of Turkey announced measures to support its tight monetary policy stance by imposing required reserves based on loan growth. According to the announcement, required reserves in Turkish lira will be held as blocked for one year for the portion of loans exceeding a monthly growth rate of 2 percent, as determined by the Central Bank. Investors are closely watching the impact of the Central Bank’s actions, especially on the stock market.

The BIST 100 index started the day with a gain of 0.61 percent, opening at 8797 points, and is trading in the range of 8797 to 8895. As of 10:38 am, the index has increased by 1.73 percent to 8898 points.

At the opening, the banking index increased by 0.54 percent, and the holding index increased by 0.35 percent. Currently, they are moving with gains of 1.66 percent and 1.07 percent, respectively.

From a technical perspective, support levels for the BIST 100 index are at 8700 and 8600 points, while resistance levels are at 8900 and 9000 points.

Yesterday, the Borsa Istanbul 100 index closed the day with a loss of 1.31 percent, ending at 8744 points.