Stock Market Starts the New Week With Record

Stock Market Starts the New Week With Record The stock market starts the new week with a record. BIST 100 index gained 0.40 percent in Borsa Istanbul and started the day with 1.329.29 points. Thus, the BIST 100 index had its all-time high opening. At the beginning of the day, the BIST 100 index, which gained 5.34 points and 0.40 percent compared to its previous closing, broke the record with 1.329.29 points. At the opening, the banking index lost 0.12 percent, while the holding index gained 0.59 percent. While securities investment trusts earned the most among the sector indices with 1.39 percent, banking had the only loss. During the week, Turkish lira assets were positively differentiated from the others, as President Erdogan emphasized the "new era in the economy" last week and the CBRT raised the policy rate to 15 percent in line with the market expectations. Analysts stated that following Pfizer and BioNTech's application to the US Food and Drug Administration (FDA) for the approval of the vaccine they developed against coronavirus and announced that it was 95 percent effective, it increased optimism in the world stock markets. On the other hand, it was reported that the increase in the number of cases continues to climb and the measures taken across the country dissipate the optimistic atmosphere. Reminding that the Purchasing Managers Index (PMI) data to be announced in the USA and Europe will be monitored today, analysts stated that the growth data to be announced in Germany tomorrow and the USA on Wednesday and the meetings of the central banks in the Eurozone stand out on Wednesday. In technical terms, analysts stated that the levels of 1.340 and 1.360 in the BIST 100 index are in a position of resistance.