August-Dated VIOP Index BIST 30 Index Contract Opens with a 0.7% Increase Amid Global Market Caution
The Istanbul Stock Exchange’s Futures and Options Market (VIOP) kicked off the week on a positive note, with the August-dated BIST 30 index contract rising by 0.7% to reach 12,814.25 points. During the opening session, the index contract traded 0.7% higher than the previous session’s closing of 12,726.50 points.
Last Friday, the index contract exhibited a stable trend, closing the regular session slightly above the previous close at 12,726.50 points, and remaining flat in the evening session at 12,726.00 points.
Analysts noted that global stock markets started the week cautiously due to uncertainties following U.S. President Joe Biden’s withdrawal from the presidential race. As central banks worldwide near the end of their tight monetary policies aimed at combating inflation, the potential outcomes of the U.S. elections continue to complicate asset pricing.
Additionally, on Friday, international credit rating agency Moody’s upgraded Turkiye’s credit rating by two notches from “B3” to “B1,” while maintaining a “positive” outlook.
Source: Trthaber / Prepared by Irem Yildiz