BIST 100 Closed The Week With An Increase

BIST 100 closed the week with an increase. BIST 100 index gained 0.90 percent in Borsa Istanbul and closed the day with 1.560.34 points.

At the end of the day, the BIST 100 index increased by 13.93 points compared to the previous closing, and the total transaction volume was recorded as 37.1 billion liras. At the closing, the banking index gained 1.80 percent, while the holding index gained 0.92 percent. Among the industry indices, financial leasing was the most profitable with 3.33 percent, while the most decline was recorded on mining with 4.76 percent. Analysts pointed out the importance of the messages to be given by the leaders at the G7 Leaders Summit due to the risk of mutation and concerns about the recovery of economies despite the slowdown in the rate of case increase in the new type of coronavirus epidemic, and the assessment of the international rating agency Fitch Ratings, which is expected to be published today after the market close, is also on the agenda of investors. reminded me. There are analysts who speak of the possibility that the rating and outlook may be increased, although no change is expected in the overall assessment of Fitch Ratings. While Fitch Ratings confirmed Turkey’s credit rating as "BB-" in August 2020, it changed the rating outlook from "stable" to "negative". Analysts stated that the Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee meeting summary, real sector confidence index and manufacturing industry capacity utilization rate, economic confidence index, sectoral confidence indices will be monitored in Turkey next week, while speeches of European Central Bank (ECB) President Christine Lagarde and US Central Bank (FED) President Jerome Powell along with intense data agenda, especially growth in the USA and inflation in the Eurozone, will be monitored abroad. In technical terms, analysts stated that 1.570 and 1.582 levels are in the resistance position and 1.525 level is in the support position for the BIST 100 index.