Highest weekly close of all time


BIST 100 index in Borsa Istanbul completed the day at 5,214.29 points with an increase of 0.49 percent and realized the highest weekly close of all time.

It broke the weekly closing record in the stock market. While the BIST 100 index increased by 25.48 points compared to the previous close, the total transaction volume stood at TL 117.1 billion. The banking index gained 2.03 percent and the holding index gained 0.45 percent. Among the sector indices, sports with 4.36 percent gained the most, and communication with 2.66 percent lost the most. Analysts said that global stock markets followed a negative course due to the fact that central banks of developed countries signaled that they would continue to increase interest rates in the coming period, recession concerns strengthened and macroeconomic data fell below expectations. Emphasizing that the domestic markets continue to diverge positively, analysts noted that it is necessary to be careful against the volatility that may increase in the balancing process. Analysts stated that the interest rate decision to be announced by the Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee meeting and the interest rate decision of the Bank of Japan (BoJ) will be at the focal point of the markets. Analysts stated that the economic confidence index in the country, international investment position, growth in the USA and England abroad, inflation in Japan, consumer confidence index in the Euro Zone will come to the fore in the data agenda next week. He reported that the 5.340 levels are in the resistance position.

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