BIST 100 Started The Week With Gains

BIST 100 index started the week with gains. BIST 100 index in Borsa Istanbul started the week with an increase of 0.57 percent at 2,264.47 points.

At the beginning of the day, the BIST 100 index, which gained 12.80 points and 0.57 percent compared to the previous close, reached 2,264.47 points. At the opening, the banking index increased by 0.52 percent and the holding index increased by 0.69 percent. Among the sector indices, chemistry, petroleum, plastics gained the most with 1.10 percent, while informatics declined the most with 0.57 percent. BIST 100 index increased by 0.82% on Friday, reaching the highest weekly close of all time with 2,251.68 points. Analysts stated that global stock markets started the new week with a mixed course due to the ongoing uncertainties regarding the Russia-Ukraine war and increasing recession concerns. Analysts said that on the high inflation, upward pressures from the food and energy price channel caused by the Russia-Ukraine war increased, and said that this also feeds hawkish expectations for monetary policies. Analysts noted that the course of the commodity and bond markets will continue to be closely monitored, and that inflation in the country and factory orders abroad are prominent in the data agenda. It was stated that the the levels of 2.150 and 2.130 are in a position of support and the level of 2.300 stands out as the resistance for the BIST 100 index.