BIST 100 Index Closed the Day With a Rise on November 3

BIST 100 index closed the day with rise on November 3. BIST 100 index gained 0.91 percent in Borsa Istanbul and ended the day at 1,547.03 points.

At the end of the day, the total transaction volume in the BIST 100 index, which increased by 13.98 points compared to the previous close, was recorded as 29.9 billion liras. At the close, the banking index gained 2.29 percent, while the holding index gained 1.57 percent. Among the sector indices, banking was the most profitable, while the most decline was recorded on sports with 2.24 percent. Analysts stated that investors acted cautiously before the US Federal Reserve (FED) interest rate decision to be announced this evening, and stated that the Bank is expected to take its first step back by reducing asset purchases within the scope of monetary incentives introduced during the epidemic period. Pointing out that investors are focusing on whether to give any clues regarding the timing of the rate hike, analysts underlined that the tone to be used in the decision text and FED Chairman Jerome Powell's statements will be important for the future direction of the markets. It was stated that tomorrow, the weekly money and bank statistics in the country, the real effective exchange rate, the Bank of England interest rate decision abroad, the weekly unemployment applications in the USA and the Purchasing Managers Index data will be monitored closely. In technical terms, it was stated that the level of 1.550 is in a position of resistance and the level of 1.490 stands out as the support for the BIST 100 index.