BIST 100 Index Closed the Week with an Increase

BIST 100 index closed the week with an increase. BIST 100 index in Borsa Istanbul gained 0.22 percent and finished the day with 1,447.64 points.

At the end of the day, the total transaction volume in the BIST 100 index, which increased by 3.18 points compared to the previous closing, was recorded as 12 billion liras. At the close, the banking index depreciated by 0.29%, while the holding index gained 0.85 percent. Among the sector indices, chemistry, petroleum and plastics were the highest earners with 1.07%, while the most decline was recorded on insurance with 1.37 percent. Analysts said that the continuing increase in the number of coronavirus cases worldwide, the Chinese authorities' market regulation and the search for more clues about the calendar the US Federal Reserve will follow in reducing its asset purchases have put pressure on the stock markets. The following week's Central Bank of the Republic of Turkey Monetary Policy Committee meeting summary and the statements of the US Federal Reserve Chairman Jerome Powell abroad will be in the focus of the markets; In the data agenda, growth in Japan, growth and inflation in the Eurozone, and industrial production in the USA and China came to the fore. In technical terms, analysts stated that the level of 1,470 stands out as the resistance and the level of 1,390 is in the support position for the BIST 100 index.