Stock Market Started the New Week With a Record on November 16

Stock Market Started the New Week With a Record on November 16 Stock market started the new week with a record on November 16. The BIST 100 index in Borsa Istanbul increased by 1.04 percent and reached an all-time high with 1,304.70 points. BIST 100 index, which gained 13.41 points and 1.04 percent value at the beginning of the day, broke its new record with 1.304.70 points. While the banking index gained 1.56 percent at the opening, the holding index gained 0.88 percent. While all sector indices started the day with an increase, the highest earning was recorded on forest, paper and printing with 3.63 percent. Interest in TL assets has increased after Lütfi Elvan's appointment as the Minister of Treasury and Finance and President Recep Tayyip Erdoğan's 'new era in the economy' emphasis last week. Thanks to the 11.5 percent depreciation of the USD / TL exchange rate within a week, Borsa Istanbul broke records in transaction volume, the highest level until then, 1.303.81 points. BIST 100 index, which gained 1.54 percent on Friday, closed the week at 1,291.29 points, increasing by 8.33 percent compared to the previous week's closing. Stating that the first Monetary Policy Committee meeting to be held on Thursday under the chairmanship of Naci Ağbal this week, the first Monetary Policy Committee meeting on Thursday is in the focus of investors, analysts noted that the positive progress seen in TL assets could continue. In addition, it was stated that after the macroeconomic data announced in Asia today was better than the expectations, the speech of the European Central Bank (ECB) President Christine Lagarde will be followed in addition to the budget balance in the country and the New York FED industrial index in the USA. In technical terms, analysts stated that the level of 1.340 in the BIST 100 index is in a resistance position.