Economy in Turkey: Stock market completes the day with an increase

While Borsa Istanbul continued its positive trend in today’s transactions, rising up to 7950 points and approaching the psychological level of 8000 points. Markets will closely follow the Central Bank’s investor days meeting today.

Borsa Istanbul completed the day with an increase yesterday and continued to rise in the new day. Today, the ‘Investor Days’ meeting of the Central Bank of the Republic of Turkey (CBRT) to be held in New York will be on the agenda of the markets. Tomorrow, Moody’s evaluation of Turkey, expected according to the schedule, will be closely monitored. An increase in ratings or an improvement in outlook that may come from there can be positively perceived by the markets.

While the BIST 100 index gained 0.40% at the opening, starting at 7905 points; It traded in the range of 7860 – 7950 during the day. The index ended the day at 7895 points with a 0.28% increase.

At the opening, the banking index recorded a 0.56% increase and the holding index moved with gains of 0.35% and 1.40%, respectively, at the closing.

From a technical perspective in the BIST 100 index, the levels of 7910 and 8060 are resistance, while 7820 and 7750 points are in a support position.

Yesterday, Borsa Istanbul 100 index, which followed a buying-weighted trend, had completed the day with a gain of 1.78% at 7874 points.