Stock Market Opens with Strong Increase – Latest Updates
The BIST 100 index started the day with a 0.12 percent increase, rising by 13.23 points compared to the previous close, reaching 11,185.98 points. The banking index and holding index also showed gains of 0.06 percent and 0.18 percent, respectively. Among the sector indices, Taş Toprak was the biggest gainer with 0.74 percent, while Securities Investment Trust was the biggest loser with 0.16 percent.
Yesterday, the BIST 100 index at Borsa Istanbul set a new closing record, ending the day at 11,172.75 points, up 0.15 percent from the previous close. Analysts are closely monitoring global stock markets, which are experiencing uncertainty due to the US presidential elections. Today, all eyes are on the monetary policy decisions of the Central Bank of the Republic of Turkey (CBRT).
Analysts believe that the signals from the monetary policy text could lead to increased volatility in the markets, but all economists in AA Finance’s expectations survey predict that the CBRT will keep the policy rate unchanged. In addition to the CBRT’s decision, Turkey will also be watching the consumer confidence index, while second-hand housing sales in the US will be followed abroad.
From a technical perspective, analysts point out that 11,250 and 11,350 points are the resistance levels in the BIST 100 index, while 11,000 and 10,900 levels serve as support. As market dynamics continue to be influenced by both domestic and international factors, investors remain cautious in their trading strategies.
