Banking and Holding Sectors See Modest Increases as Analysts Eye Central Bank’s Policy Decisions
Borsa Istanbul’s BIST 100 index began the day with a 0.12% rise, opening at 11,185.98 points. At the start, the BIST 100 index increased by 13.23 points and 0.12% compared to the previous close, reaching 11,185.98 points.
The banking index saw a slight gain of 0.06%, while the holding index rose by 0.18%. Among sector indices, the highest gainer was the stone and soil sector with a 0.74% increase, while the securities investment trusts sector experienced the largest decline, falling by 0.16%.
Yesterday, the BIST 100 index in Borsa Istanbul moved within a narrow range and closed the day at 11,172.75 points, marking a record close with a 0.15% increase from the previous closing.
Analysts note that global equity markets are exhibiting mixed trends due to the uncertainty brought by the US presidential elections. Today, domestic attention is focused on the Central Bank of the Republic of Turkiye’s (CBRT) monetary policy decisions.
Analysts suggest that signals from the monetary policy statement could increase market volatility. All economists participating in AA Finans’s expectations survey predict that the CBRT will keep its policy rate unchanged.
Today, in addition to the CBRT’s interest rate decision, analysts will monitor the consumer confidence index domestically, while observing second-hand home sales in the US abroad. Technically, analysts state that the BIST 100 index has resistance at 11,250 and 11,350 points, and support levels at 11,000 and 10,900 points.
Source: Trthaber / Prepared by Irem Yildiz