Economy in Turkey: Borsa Istanbul surpasses 9000 points

While the upward trend continues in Borsa Istanbul, it surpassed 9000 points for the first time in its history in today’s transactions, reaching an intraday peak of 9016 points.

As the record series continues in Borsa Istanbul; yesterday’s presentation and meeting of the first Inflation Report of the year by the new governor of the Central Bank of the Republic of Turkey (CBRT), Fatih Karahan, supported by the messages of CBRT Deputy Governors Cevdet Akçay and Hatice Karahan, contributed to the rise in the stock market, and the Borsa Istanbul 100 index surpassed 9000 points for the first time in its history.

The BIST 100 index started the day with a gain of 0.48% at 8993 points; it then continued to rise, reaching its historic peak of 9016 points. As of 10:20, the index was trading at 9006 points with a 0.63% increase.

At the opening, while the banking index recorded a 0.25% increase and the holding index recorded a 0.49% increase; later, they traded with a 0.02% decrease and a 0.71% increase, respectively.

From a technical standpoint, the BIST 100 index has resistance levels at 9000 and 9140 points, with support levels at 8900 and 8800.

Yesterday, the Borsa Istanbul 100 index, which followed a predominantly bullish trend, closed the day with a 1.21% gain at 8949 points, setting a new closing record.