BIST 100 Started the Week With An Increase

BIST 100 started the week with an increase. In Borsa Istanbul, the BIST 100 index gained 0.08 percent and started the day with 1.558.59 points.

At the beginning of the day, the BIST 100 index, which gained 1.20 points and 0.08 percent compared to the previous closing, reached 1.558.59 points. At the opening, the banking index lost 0.17 percent, while the holding index gained 0.08 percent. Among the industry indices, while the highest gain was recorded on informatics with 2.81 percent, sports were the most declining with 1.07 percent. BIST 100 index in Borsa Istanbul, which moved in a narrow band on the last trading day of the last week, gained 0.06 percent and closed the day at 1,557.39 points. Analysts pointed out that the US 10-year bond interest rate, which dropped to 1.48 percent last week, rose above 1.64 percent on Friday, and expressed that the continuation of the increase in question increased the demand fot USD on a global scale, which caused selling pressure, especially on developing country assets. This week, it was stated that interest verbal instructions for the bond market and rate decisions of the US Federal Reserve (FED), Bank of England (BoE), the Bank of Japan (BoJ) and the Central Bank of the Republic of Turkey (CBRT) will be closely monitored. In technical terms, analysts stated that the range of 1.570 and 1.582 will be followed as resistance and the range of 1.550 and 1.520 will be followed as support in the BIST 100 index.