Acceleration of growth in the stock market
Buying accelerated in Borsa Istanbul, led by banks. The BIST 100 index exceeded 9,700 points with an increase of more than 4%.
The positive trend continues in the stock market on the second day of the week.
Buyers accelerated in the BIST 100 index led by banking, which started the day with an increase.
The BIST 100 index reached 9,728 points with an increase of over 4%. The banking index gained more than 5%.
Analysts noted that technically, the levels of 9,500 and 9,600 are resistance, while 9,400 and 9,300 points are considered support for the BIST 100 index.
FLEXIBILITY IN STOCK BUYBACKS FOR BANKS
The Banking Regulation and Supervision Agency (BRSA) granted flexibility to banks in stock buybacks. According to the decision, the shares banks buy back will not be deducted from their core capital.
GLOBAL MARKETS
In global markets, the tariff decisions of US President Donald Trump continue to make it difficult for markets to find a direction. Uncertainties about the effects of the protectionist trade stance of the US worldwide, as well as the inflation and recession dilemma, remain the main agenda items for economies.
