Stock Market Closed the Day With an Increase on November 11!

Stock Market Closed the Day With an Increase on November 11! Stock market closed the day with an increase on November 11! In Borsa Istanbul, the BIST 100 index gained 2.91 percent and closed the day with 1.279.22 points. Thus, while Borsa İstanbul made its best closing of all time, it reached its historical level with 1,284.62 points. In the BIST 100 index, which increased by 36.21 points compared to its previous closing, it was recorded as 52.5 billion liras. At the closing, the banking index gained 8.88 percent, while the holding index gained 3.21 percent. While banking was the most profitable among sector indices, the most loss was recorded on sports with 2.44 percent. Right after President Recep Tayyip Erdogan's "new era in the economy" statements, the positive reflection of the decline in exchange rates and the leadership of banking stocks, the BIST 100 index saw its historical peak, 1,284.62 points. Moreover, demand for Turkish lira assets spiked after the statements. During the day, while Turkey's risk premium (CDS) fell from 450 to 400 levels, Dollar / TL lost value close to 4 percent value and the Euro / TL recorded a decrease of over 4 percent. Analysts stating that the domestic data agenda is stable tomorrow, while abroad, with the speeches of US Federal Reserve (Fed) President Jerome Powell, European Central Bank (ECB) President Christine Lagarde, Bank of England (BoE) President Andrew Bailey and that the data agenda, especially industrial production, will be monitored in the Eurozone. On the technical side, analysts stated that the BIST 100 index is at the level of resistance of 1,300 and that of 1,190 points at support.