BIST 100 Index Closed Tuesday With a Rise

BIST 100 index closed Tuesday with a rise on October 19. BIST 100 index gained 0.86 percent in Borsa Istanbul and ended the day at 1,429.85 points.

At the end of the day, the total transaction volume in the BIST 100 index, which increased by 12.16 points compared to the previous close, was recorded as 15 billion liras. At the closing, the banking index gained 2.52 percent, while the holding index gained 0.67 percent. Among the sector indices, banking was the most profitable, while the most decline was recorded on tourism with 1.74 percent. Analysts stated that inflationary concerns continue to be on the agenda, and in this context, investors turned their focus to possible monetary policy actions. Analysts, who said that the statements of the US Federal Reserve (FED) and European Central Bank (ECB) officials and the FED's Beige Book report will be followed tomorrow, stated that the domestic markets will be calm along with the data agenda, while the inflation in the Euro Zone and England, foreign trade data in Japan will be monitored closely. In technical terms, analysts stated that the level of 1.444 stands out as the resistance and the level of 1.396 is in a position of support for the BIST 100 index.