Stock market closed the day with records

0
4


In Borsa Istanbul, the BIST 100 index closed the day at 5,429.13 points with a 0.19 percent gain, while achieving the highest daily closing of all time, it also brought its highest level record to 5,491.10 points.

BIST 100 index in Borsa Istanbul realized the highest daily closing of all time. While the BIST 100 index increased by 10.11 points compared to the previous close, the total transaction volume stood at TL 124.1 billion. While the banking index lost 1.39 percent, the holding index gained 0.09 percent. Among the sector indices, chemistry, petroleum, plastics gained the most with 2.76 percent, and mining was the most regressed with 2 percent. Analysts stated that the recession concerns, strengthened by the tightening steps of the central banks, continue to put pressure on the global stock markets, and said that the volatility may continue due to the increasing bond yields and investor transactions that want to close their positions before the Christmas holidays. Stating that the positive divergence of domestic markets continues, analysts emphasized that although the upward trend is expected to continue, it is necessary to be cautious in the face of the possibility of increasing profit realization. Analysts stated that the interest rate decision of the Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee, and the growth data to be announced abroad in the USA and England will be the focus of the markets, noting that technically, the BIST 100 index is at the level of 5,500 as resistance and 5,350 points as support. All economists participating in AA Finans’ expectations survey expect the CBRT to keep the policy rate unchanged. AA Finans’ expectations survey for the CBRT’s Monetary Policy Committee meeting to be held tomorrow resulted in the participation of 14 economists. According to the survey results, all economists expect the policy rate to remain constant at 9 percent.



You can read more in Turkish at NTV Economy