The stock market finished the day higher.

0
3


BIST 100 index in Borsa Istanbul gained 0.28% and closed the day at 4,984.86 points.

While the BIST 100 index increased by 14.15 points compared to the previous close, the total transaction volume stood at TL 89.2 billion. While the banking index depreciated by 0.28 percent, the holding index gained 0.36 percent. Among the sector indices, tourism with 2.90 percent gained the most, and financial leasing and factoring with 1.60 percent lost the most. Analysts said that global equity markets remained positive, with expectations that inflation might have entered a downward trend in the US and that the US Federal Reserve (Fed) might soften its “hawk” stance. The interest rate decision to be announced by the Central Bank of the Republic of Turkey (CBRT) at the Monetary Policy Committee meeting next week, the US Central Bank (Fed) Beige Book Report, the Bank of Japan (BoJ) interest rate decision and the statements of the European Central Bank (ECB) President Christine Lagarde Analysts stated that the focus will be on the budget balance in the country, housing sales, while abroad the Producer Price Index (PPI), industrial production, growth in China, industrial production, inflation in the Euro Zone, England and Japan. He also stated that the intensive data agenda, especially in Turkey, will be followed. Analysts noted that technically, 5,100 points in the BIST 100 index are in the resistance position, and the 4,700 and 4,650 levels are in the support position.



You can read more in Turkish at NTV Economy