#Para

Stock market opens with an increase

The stock market continues to show a positive trend. The BIST 100 index started the day with a 0.80% increase at 10,269.90 points in Borsa Istanbul. At the opening, the BIST 100 index rose by 81.05 points and 0.80% to reach 10,269.90 points compared to the previous closing. The banking index increased by 0.77% and the holding index gained 0.61%. Among the sector indices, financial leasing factoring had the highest increase at 5.75%, while the most significant decrease was seen in paper printing with a 0.21% loss. In the domestic market, the BIST 100 index followed an upward trend yesterday in Borsa Istanbul, ending the day at 10,188.85 points with a 2.94% gain. Globally, a positive trend is observed due to the relief of tension after the exemption announcements following the US tariff steps, while domestically, attention is now turned towards the interest rate decision of the Central Bank of the Republic of Turkey (CBRT) today. Economists expect the CBRT to reduce the policy rate by 250 basis points to 42.5% in March. The median expectation for the end-of-year policy rate among economists is 30%. Furthermore, Borsa Istanbul announced that the up-tick rule for short selling operations in shares included in the BIST 50 index will continue today as well. Analysts stated that in addition to the CBRT’s interest rate decision domestically today, weekly money and banking statistics, and abroad, the interest rate decision of the European Central Bank (ECB) in the Eurozone and weekly jobless claims and trade balance in the US will be monitored. From a technical perspective, they noted that the resistance levels for the BIST 100 index are at 10,300 and 10,450 points, and the support levels are at 10,200 and 10,000.

Leave a comment

E-posta adresiniz yayınlanmayacak. Gerekli alanlar * ile işaretlenmişlerdir