Stock Market Ended the Week with a Record

Stock market ended the week with a record. BIST 100 index in Borsa Istanbul increased by 1.21 percent and closed the day with 1.540.61 points. With this level, BIST 100 index made its highest daily and weekly closing of all time, and brought its highest level record to 1.542.75 points. At the end of the day, the BIST 100 index increased by 18.38 points compared to the previous closing, and the total transaction volume was recorded as 37.6 billion liras. At the closing, the banking index gained 1.28 percent, while the holding index gained 1.02 percent. Among the industry indices, mining was the most profitable with 6.29 percent, while electricity was the most declining with 0.81 percent. BIST 100 index, which made a rapid entry into 2021, broke one record after another in the first week of the new year. The index, which made the highest closing of all time on a daily and weekly basis with 1.540.61 points, brought its highest level record to 1.542.75 points. According to these data, the uptrend in the BIST 100 index, which gained 4.33 percent on a weekly basis, entered its 10th week in a row. Stating that the balance of payments, industrial production index, expectation survey statistics and labor force statistics will be monitored next week, analysts stated that the intensive data agenda, especially inflation in China and the USA, and industrial production in the Eurozone, will be followed abroad. In technical terms, analysts stated that 1.550 and 1.580 levels are in the resistance position and 1.470 points are in the support position in the BIST 100 index.