Stock Market Started The Day With An Increase on October 16

Stock Market Started The Day With An Increase on October 16 Stock market started the day with an increase on October 16. BIST 100 index in Borsa Istanbul opened the day with 1.184.97 points with 0.38 percent gain in value. BIST 100 index, which gained 4.54 points and 0.38 percent value at the beginning of the day, reached 1,184.97 points. While the banking index gained 0.41 percent at the opening, the holding index gained 0.40 percent. While securities investment trusts earned the most among the sector indices with 2.23 percent, the only loss was recorded on forest paper printing with 1.48 percent. Due to the decrease in global risk appetite on Thursday, BIST 100 index in Borsa Istanbul ended the day with a decline. The BIST 100 index, which lost 0.74 percent, closed the day with 1,180.43 points. Stating that the number of coronavirus (Covid-19) cases increased in Europe and the risk appetite decreased accordingly, analysts noted that the importance of the news about the incentive package increased after the bad macroeconomic data in the USA. EU Leaders clarifications from the Summit and the United States of news related to the presidential elections states that maintained its place on the agenda and on the focus of analysts, Central Bank of the Republic of Turkey in the country today (CBRT) Survey of Expectations, and housing price index will be monitored. It was stated that foreign trade and inflation in Europe, retail sales in the USA, industrial production and University of Michigan Confidence Index data will be monitored abroad. In technical terms, analysts emphasized that 1,180 points is the critical support level in the BIST 100 index, and if this level is exceeded, 1,200 points may come to pass, and if it falls below, 1,150 points are in the support position.