Istanbul stock market concludes day with an increase on December 15, 2023

On Borsa Istanbul, the BIST 100 index completed the day with a gain of 2.31%, reaching 7,993.85 points. While the BIST 100 index increased by 180.46 points compared to the previous closing, the total trading volume amounted to 93.8 billion Turkish liras.

The banking index gained 1.40%, and the holding index gained 2.39%. Among the sector indices, the metal main industry showed the highest increase with 4.87%, while the tourism sector was the only one to decline with 0.37%.

According to analysts cited by AA, the highlight of the week in the domestic market will be the interest rate decision to be announced at the Monetary Policy Committee (MPC) meeting of the Central Bank. From a technical perspective, analysts noted that 8,000 points serve as resistance, while 7,800 and 7,700 levels act as support for the BIST 100 index.

Economists participating in an expectation survey for the MPC meeting anticipate that the one-week repo auction interest rate (policy rate) will be increased by 250 basis points, reaching 42.50%.