Borsa Istanbul’s BIST 100 index concluded the day at a historic high of 10,643.58 points, marking a notable 3.14% increase and achieving record-breaking daily and weekly closings. Surpassing its previous record, the index reached 10,652.28 points.
The total transaction volume amounted to ₺132.7 billion, with the banking index soaring by 4.82% and the holding index by 2.50%. Notably, the banking sector led the gains among all sectors.
Despite global markets showing mixed trends, domestic markets saw positive divergence, primarily led by banking stocks, amidst cautious signals from US Federal Reserve officials and key economic data releases.
Looking ahead, analysts highlighted the significance of the Turkish Central Bank’s Monetary Policy Committee meeting and its interest rate decision domestically, while internationally, focus will be on the Fed’s Federal Open Market Committee meeting minutes, statements from Bank of England Governor Andrew Bailey, US durable goods orders, and inflation data from the UK and Japan, along with the global Purchasing Managers’ Index for the services and manufacturing sectors.
In terms of technical analysis, analysts pointed out that the BIST 100 index faces resistance levels at 10,700 and 10,800, with support levels at 10,250 and 10,100 points.
Additionally, according to AA Finans’ expectations survey, all economists anticipate the Central Bank of the Republic of Turkiye to maintain the policy rate at 50%, with the median of economists’ year-end policy rate expectations calculated at 45%.
Source: Trthaber / Prepared by Irem Yildiz