BIST 100 Index Closed The Day With An Increase

BIST 100 index closed the day with an increase. BIST 100 index gained 0.60 percent in Borsa Istanbul and closed the day with 1.544.05 points.

At the end of the day, the BIST 100 index increased by 9.14 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 2.40 percent, while the holding index gained 0.57 percent. While banking was the most profitable among sector indices, most decline was recorded on forest, paper and printing with 2.71 percent. BIST 100 index, moved with buyers throughout the day, tested over 1,550.00 points, which it describes as resistance in the leadership of banking stocks. After this level, the BIST 100 index found a balance below 1.545,00 points. Analysts stated that the news about the financial support package, which is planned to be released to the market in the USA and whose studies are accelerated, and the news about the new type of coronavirus (Covid-19) epidemic continue to determine the direction of the markets. Indicating that labor force statistics and foreign trade indices will be monitored in the country tomorrow, analysts stated that inflation in the USA and China and the intensive data agenda, especially the speech of the President of the US Federal Reserve (FED), will be monitored abroad. In technical terms, analysts stated that 1.550 and 1.570 levels are in the resistance position and 1.505 level in the support position for the BIST 100 index.