The Stock Market Launched The Day With A Rise on September 16

The Stock Market Launched The Day With A Rise on September 16 The stock market launched the day with a rise on September 16. BIST 100 index in Borsa Istanbul increased by 0.19 percent and started the day with 1,113.34 points. At the beginning of the day BIST 100 index gained 2.10 points and 0.19 percent increased in value and reached 1,113.34 points. While the banking index gained 0.01 percent value at the opening; holding index gained 0.38 percent. Tourism earned the most in industry indices with 1.52 percent; Sports was the most declining with 3.31 percent. BIST 100 index, which fluctuated in the band of 1.095-1.1120 on Tuesday, showed an increase of 0.36 percent compared to its previous closing and closed the day with 1.111.24 points. Today, it was reported that the US Federal Reserve's (FED) interest rate decision and FED President Jerome Powell's statements will have a determining effect on the direction of the markets. Analysts stated that no interest rate change is expected after FED Chairman Powell's speech at the Jackson Hole meeting on August 27; however, they stated that Powell's verbal instructions will be monitored. On the other hand, it was reported that the news about the coronavirus (Covid-19) vaccine and the geopolitical developments centered on the Eastern Mediterranean remained at the center of the agenda. Analysts stated that the level of 1,120 is in the resistance position and 1,090 points in the support position in the BIST 100 index.