BIST 100 index in Borsa Istanbul completed the day at 2,144.26 points with 0.50% gain, and realized the highest weekly close of all time.
While the BIST 100 index increased by 10.68 points compared to the previous close, the total transaction volume stood at ₺26.8 billion.
The banking index gained 0.06% and the holding index gained 0.63%. Among the sector indices, the highest earner was construction with 5.58%, and the most declining was tourism with 3.64%.
HIGHEST WEEKLY CLOSING OF ALL TIME
The BIST 100 index, which followed a positive course throughout the day, closed the day at 2,144.26 points with a 0.50% gain, and realized the highest weekly close of all time.
BIST 30 index also closed the day with an increase of 0.21% at 2,404.04 points and broke the weekly closing record.
The Central Bank of Russia kept the policy rate unchanged at 20%, as expected. In the statement made by the bank, it was stated that it was decided to keep the policy rate constant due to the expectations that inflation would continue to increase and the “new period” in the economy. Pointing out that the Russian economy will shrink in the coming quarters, it was stated in the statement that the recovery in the economy will mainly depend on the speed of the adaptation process to the new conditions.
Analysts reported that a mixed course was observed in the global stock markets due to rising oil prices and the ongoing uncertainties regarding the Russia-Ukraine war.
Analysts stated that the statements of the US Federal Reserve (Fed) Chairman Jerome Powell and European Central Bank (ECB) President Christine Lagarde will be in the focus of the markets next week. They also stated that the summary of the Monetary Policy Committee meeting to be announced by the Central Bank of the Republic of Turkey (CBRT) will be followed in the country.
Analysts expressed that on the data agenda next week, domestic consumer confidence index, unemployment rate, real sector confidence index and capacity utilization rate will come to the fore. And analysts expressed that the Manufacturing Purchasing Managers Index (PMI) to be announced in Europe and the USA, inflation in the UK and consumer confidence index in the USA will come to the fore abroad. They technically noted that 2.170 points in the BIST 100 index are in the resistance position and the 2.090 level is in the support position.
Source: Sabah / Translated by Irem Yildiz