Stock Market Has Started New Week With Increase

Stock Market Has Started New Week With Increase

The stock market started the new week with an increase. BIST 100 index increased 0.12 percent in Borsa Istanbul and opened the day with 1,111.24 points. At the beginning of the day, the BIST 100 index gained 1.36 points and 0.12 percent and reached 1.111.24 points. While the banking index increased by 0.19 percent; holding index increased by 0.36 percent. Among the industry indices, sports were the most profitable with 1.33 percent; Electricity fell the most with 0.48 percent. On the last trading day of the past week, BIST 100 index increased to 1,141.32 points after Prime Minister Recep Tayyip Erdogan announced that the discovery of the history of Turkey's largest natural gas in the Black Sea. Although the index lost 1.5 percent on a daily basis due to the effect of profit sales, it increased by 2.40 percent compared to the previous week and completed the day at 1,109.88 points. Analysts said that the data agenda is slightly weak this week, and that the statements of central bank governors, especially US Federal Reserve Secretary Jerome Powell, will be monitored at the Jackson Hall meeting, which is expected to start on Thursday. The analysts emphasized that the news about the treatment of coronavirus (Covid-19) and geopolitical developments, especially the Eastern Mediterranean, are also at the center of the agenda, and technically, the resistance of 1.120 and 1.150 levels in the BIST 100 index; He noted that 1,070 points are in the support position.