Stock Market Started the Day with an Increase on January 21

Stock market started the day with an increase on January 21. The BIST100 index in Borsa Istanbul gained 0.55 percent and started the day with 1.578.03 points.

At the beginning of the day, the BIST100 index in Borsa Istanbul, which increased by 8.68 points and 0.55 percent compared to its previous closing, reached 1.578.03 points. While the banking index gained 0.30 percent at the opening, the holding index gained 0.52 percent. At the opening, all industry indices gained value, while tourism gained the most with 2.09 percent. The BIST 100 index, which moved with buyers throughout Wednesday, gained 0.28 percent compared to its previous close and reached its all-time close with 1,569.35 points. Analysts stated that there was a movement with buyers in global markets due to the expectation that the developments in financial support packages will accelerate with Joe Biden taking over the presidency, with the inauguration ceremony held yesterday in the USA, and with the effect of the fourth quarter balance sheets in the USA that exceeded the expectations yesterday. In addition, the domestic agenda will be dense today. Central Bank of the Republic of Turkey (CBRT), will announce its decision on interest on the MPC meeting which will be held today at 2 pm. It was stated that the decisions of the European Central Bank (ECB) will be effective in determining the direction of the markets abroad, and that neither bank is expected to change the policy rate. Market actors do not expect an interest rate change decision from the MPC meeting to be held by the CBRT today. At the last MPC meeting of last year, the policy rate was increased from 15 percent to 17 percent.