BIST 100 Index Closed the Day a Rise on September 9

BIST 100 index closed the day with a rise on September 9. BIST 100 index in Borsa Istanbul gained 1.31 percent and finished the day at 1.452.67 points.

At the end of the day, the total transaction volume in the BIST 100 index, which increased by 18.82 points compared to the previous closing, was recorded as 12.1 billion liras. At the close, the banking index gained 1.51 percent, while the holding index gained 0.78 percent. While there was no decline among the sector indices, the highest gain was recorded on food and beverage with 2.29 percent. Analysts pointed out that despite the rise in inflation, the weak labor market and concerns that coronavirus variants would harm the economic recovery led investors to take a cautious position, noting that after the European Central Bank's (ECB) decision, losses were generally compensated in European stock markets. While the ECB did not change the interest rates and the total size of the Pandemic Emergency Asset Purchase Program (PEPP), in line with market expectations, it announced that bond purchases could be at a lower pace compared to the last two quarters. ECB President Christine Lagarde stated that at today's Governing Council Meeting, what will be the next stage in pandemic procurement was not discussed, said, "We will discuss PEPP extensively at the December meeting." Lagarde stated that they did not reduce their asset purchases, but readjusted purchases. It was stated that tomorrow, domestic labor statistics and foreign trade indices, the statements of the US Federal Reserve officials abroad, inflation in Germany, growth in England and PPI data in the USA will be monitored. In technical terms, it was stated that the level of 1,410 in a position of support and the level of 1,490 stands out as the resistance for the BIST 100 index.