The stock market continues to break records

BIST 100 index in Borsa Istanbul rose by 0.99 percent to 122,130.81 points, after reaching its all-time high with 122,482.43 points in the first half of the day.

The BIST 100 index, which moved in an upward trend in the first half of the day, increased by 1,192.03 points compared to the previous closing at 13:00, reaching 122,130.81 points, while the total transaction volume was at the level of 7.6 billion liras.

In the first half, the banking index gained 1.44 percent and the holding index gained 0.50 percent. Among the sector indices, the biggest gainer was informatics with 2.71 percent, and the only decrease was tourism with 0.29 percent.

BIST 100 index, which started the day with an increase and reached a historical peak of 122,482.43 points, stabilized above 122,000 points.

Analysts stated that the markets will return to their data and balance sheet-oriented course after the signing of the first phase trade agreement between the USA and China, and that the interest rate decision of the Central Bank of the Republic of Turkey (CBRT) to be announced today will be followed domestically.

The majority of economists who participated in the survey conducted by AA Finance estimate that the CBRT will not change interest rates. While 12 economists participating in the survey do not expect any change in the policy rate (one-week repo auction interest rate), 9 economists predict a 25-100 basis point interest rate cut. 5 of the economists predict a 100 basis point cut, 2 predict a 75 basis point cut, one a 50 basis point cut and one a 25 basis point cut.

Stating that technically, 122,500 levels in the BIST 100 index have become resistance, analysts noted that 119,400 points stand out as support.

Source: https://www.aa.com.tr/tr/ekonomi/borsa-rekorlara-devam-ediyor/1704590

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