BIST 100 in Borsa İstanbul Broke A Record Once Again

The BIST 100 index gained by 0.55 percent in Borsa Istanbul, hitting its all-time high of 2,524 points. BIST 100 attained a peak of 2,538 points shortly after its debut. The BIST 100 index in Istanbul climbed 13.71 points and 0.55 percent, from the previous closing, reaching an all-time high of 2,524.02 points. With increasing purchases following the opening, the BIST 100 reached a new high of 2,538 points. BIST 100, which regressed consecutively, albeit limitedly, in the last days of March, completed 13 of the last 15 trading days with rising in the upward trend it started from 2,180 points. In this process, the rate of increase in BIST 100 was 16 percent. The banking index rose 0.65 percent, while the holding index rose 0.55 percent. While all sector indices started the day with an increase, tourism was recorded as the highest earner with 0.94 percent. The index gained 0.84 percent yesterday, closing with a record of 2.510.31 points. Due to the increasingly hawkish instructions of US Central Bank (FED) officials, the rising conflicts in the Russia-Ukraine war, and the persistent fears over a new form of coronavirus pandemic in China, risk appetite in global stock markets remained low, according to expert observers. According to experts, the verbal guidance of US Central Bank officials, the International Monetary Fund (IMF) meetings, and the news flow regarding the Russia-Ukraine war are also on the minds of investors, and that technically, the BIST 100 index will follow the levels of 2.550 as resistance and 2.440 points as support.