BIST 100 Index Started the Week With Rise

BIST 100 index started the week with rise. BIST 100 index in Borsa Istanbul gained 0.39 percent and started the day with 1,466.57 points.

At the beginning of the day, the BIST 100 index, which gained 5.70 points and 0.39 percent compared to the previous close, rose to 1,466.57 points. While the banking index gained 0.62 percent at the opening, the holding index gained 0.54 percent. Among the sector indices, while every index profited, tourism was the most profitable with 0.71 percent. On Friday, the BIST 100 index in Borsa Istanbul gained 0.29%, with buyers moving, and closed with 1,460.86 points. Analysts stated that the global stock markets were dominated by a buying trend before the US Federal Reserve's (FED) interest rate decision to be announced on Wednesday. Analysts said that the focus is on the bilateral contacts that President Recep Tayyip Erdoğan will hold at the NATO Summit, especially the meeting with US President Joe Biden. Turkey signed a new swap agreement with China of $ 3.6 billion, increasing the swap size with this country to a total of $ 6 billion with previous agreements. Looking at the macroeconomic data, it was noted that today the current account balance in the country and the industrial production data in the Eurozone will be monitored. In technical terms, analysts stated that the level of 1,390 is in the support position, and the levels of 1.470 and 1.490 stands out as resistance for the BIST 100 index.