While the BIST 100 index increased by 184.21 points compared to the previous closing, the total transaction volume was 85.3 billion lira. The banking index gained 2.41 percent and the holding index gained 2.11 percent.
Among the sector indices, the biggest gainer was construction with 4.19 percent, and the only loser was securities investment trust with 0.58 percent.
While the expectation that the US economy will make a “soft landing” remains strong in global markets, a mixed course stands out due to the cautious stance in the intensifying balance sheet season.
On the other hand, the International Monetary Fund (IMF) stated that global economic growth is expected to remain stable but weak, and maintained its growth forecast at 3.2 percent for this year.
It is estimated that the Turkish economy will grow by 3 percent this year and 2.7 percent next year.
Analysts expect tomorrow the consumer confidence index in the country, the Beige Book Report of the US Federal Reserve (Fed), the statements to be made by the President of the European Central Bank (ECB) Christine Lagarde, second-hand home sales in the US and the Euro Zone. Stating that the consumer confidence index will come to the fore in 2018, he noted that technically, 8,900 and 9,000 levels in the BIST 100 index are resistance, while 8,600 and 8,490 points are support.
Source: www.dunya.com
