BIST 100 index increased by 16.55 points compared to the previous close, while the total transaction volume was 110.8 billion lira. While the banking index lost 1.41 percent, the holding index gained 0.83 percent.
Among the sector indices, the one that gained the most was communications with 3.60 percent, while the one that lost the most was financial leasing factoring with 3.56 percent.
Analysts said global stock markets started the week cautiously following the uncertainties that emerged after President Joe Biden withdrew his candidacy for the US presidential election.
While the tight monetary policies pursued by central banks around the world as part of their fight against inflation are gradually coming to an end, the possible results of the US elections continue to complicate asset pricing.
Analysts stated that tomorrow, the interest rate decision to be announced by the Central Bank of the Republic of Turkey (TCMB) at the Monetary Policy Committee (PPK) meeting, the consumer confidence index in the country, and the Richmond Fed industrial index, second-hand housing sales in the USA, and the consumer confidence index in the Eurozone will be prominent abroad, and noted that technically, 11,250 and 11,350 points are resistance in the BIST 100 index, while 11,000 and 10,900 are support levels.
All economists who participated in AA Finance’s expectations survey expect the CBRT to keep the policy rate constant at 50 percent.
The median of economists’ year-end policy rate expectations was calculated as 45 percent.
Source: www.dunya.com
