Borsa Istanbul Daily Review
BIST 100 index at Borsa Istanbul closed today with a historic close. The index closed the day with a 0.15 percent increase at 11,172.75 points. There was a 16.55 point increase compared to the previous close, and the total transaction volume was 110.8 billion liras.
While the banking index lost 1.41 percent, the holding index gained 0.83 percent. The communications sector gained the most among the sectors with 3.60 percent, while the financial leasing factoring sector lost the most with 3.56 percent.
Analysts stated that the week started cautiously due to the ongoing uncertainty regarding the US presidential election in global markets. It was emphasized that the end of the tight monetary policies of central banks and the US election results continued to affect asset pricing.
Tomorrow, the interest rate decision will be announced at the CBRT Monetary Policy Committee meeting. Consumer confidence index data will also be monitored. Abroad, the Richmond Fed industrial index and second-hand housing sales in the US and the consumer confidence index in the Eurozone will be important.
Technically, it is stated that the 11,250 and 11,350 levels are resistance in the BIST 100 index, while the 11,000 and 10,900 levels are support.
Economists’ Expectations
All economists participating in AA Finance’s expectations survey expect the CBRT to keep the policy rate unchanged at 50 percent. The median of year-end policy rate expectations was calculated as 45 percent.
