Stock Market Ends the Day With an Increase on December 1

Stock Market Ends the Day With an Increase on December 1 Stock market ends the day with an increase on December 1. In Borsa Istanbul, the BIST 100 index gained 3.25 percent and closed the day with 1,325.29 points. At the end of the day, the BIST 100 index increased by 41.71 compared to its previous closing, and the total transaction volume was recorded as 30 billion liras. At the closing, the banking index gained 4.31 percent while the holding index gained 3.51 percent. While all sector indices increased, transportation was the most profitable with 9.04 percent. Economists stated that despite the increase in restrictions and the rapid increase in the number of cases due to the new type of coronavirus (Covid-19) pandemic, there was a positive movement with in global stock markets with the signs of recovery in economies and an increase in risk appetite. In addition, it was stated that the BIST 100 index was positively diverged by rising under the leadership of transportation and banking. Indicating that the data agenda in the country looks stable tomorrow, analysts noted that the Euro Zone unemployment and Producer Price Index, retail sales in Germany, ADP private sector employment data in the USA and the speech of US Federal Reserve Chairman Jerome Powell will be monitored abroad. In technical terms, he stated that the levels of 1.340 and 1.360 were in the resistance position and 1.290 points in the support position in the BIST 100 index.