BIST 100 index exceeded 120 thousand points for the first time after the Covid-19 outbreak

The new type of coronavirus (Covid-19) epidemic, which emerged in China on New Year’s Eve and spread all over the world, brought about trillions of dollars of measures by governments and central banks on a global basis.

Despite all the measures taken, most of the global share markets remain far from pre-pandemic levels, while Borsa Istanbul has compensated for almost all of its losses.

After reaching its historical peak with 124,536.60 points on January 22, the BIST 100 index fell to 81,936.40 in about 2 months due to the impact of the Covid-19 epidemic. The index achieved a historical upward rally after this level.

Investors seeking returns after the decline in interest rates and Turkey’s successes in the field of healthcare and proactive steps in the economy during the epidemic period played an important role in the rise in the share markets.

BIST 100 index reached the highest level in nearly 5 months

BIST 100 index, which started today with an increase, exceeded 120,000 points for the first time after the epidemic and reached 120,203.44 points. Thus, the index reached its peak in approximately 5 months.

BIST 100 index is currently trading at 119,600 points, with an increase of 0.20 percent.

Analysts noted that technically, if the BIST 100 index remains above 120,000 points, 121,600 and 122,800 levels may come to the agenda.

Source: https://www.aa.com.tr/tr/ekonomi/bist-100-endeksi-kovid-19-salgini-sonrasi-ilk-defa-120-bin-puanin-uzerini-gordu/1903396

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