Borsa Istanbul stock market finished the day with record highs

The BIST 100 index rose by 95.99 points compared to the previous close, with a total trading volume of 122.7 billion lira.

The banking index gained 2.29%, while the holding index increased by 0.81%.

Among the sector indices, sports was the highest gainer with 3.21%, while IT was the biggest loser with a decline of 1.85%.

Meanwhile, Turkey’s 5-year credit default swap (CDS) dropped to 265.47 basis points, the lowest level since February 2020.

Global markets started the week on a positive note with increased optimism that the US Federal Reserve (Fed) will cut interest rates this year.

Analysts noted that tomorrow, the domestic data agenda will be calm, while internationally, statements from the Bank of England Governor Andrew Bailey, Germany’s Producer Price Index (PPI), and the Eurozone’s foreign trade balance will be followed. Technically, they stated that the BIST 100 index has resistance levels at 10,750 and 10,900 points, and support levels at 10,500 and 10,400 points.

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