Stock market started the week with an increase

The BIST 100 index in Borsa Istanbul started the week at 10,791.65 points, up 0.19 percent.

Newstimehub

Newstimehub

24 Jun, 2024

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The BIST 100 index in Borsa Istanbul started the week at 10,791.65 points, up 0.19 percent.

BIST 100 index started the day at 10,791.65, up 20.29 points and 0.19% compared to the previous close. The banking index gained 0.08% while the holding index gained 0.24%. Among the sectors, financial leasing factoring sector gained the most with 0.60%, while textile and leather sector lost the most with 2.02%.

BIST 100 index, which followed a volatile course in Borsa Istanbul on Friday, closed the day at 10,771.36 points with an increase of 0.29%.

In global markets, expectations that the US Federal Reserve may cut interest rates this year increased, while the cautious statements of bank officials created a mixed course in the markets. This week, important economic indicators such as growth data to be announced in the US will be at the center of investors’ attention.

In Turkey, the interest rate decision of the Central Bank of the Republic of Turkey is eagerly awaited this week. All economists expect CBRT to leave the policy rate unchanged at 50% at the Monetary Policy Committee meeting on June 27.

Today, financial services confidence index, real sector confidence index and capacity utilization rate data will be monitored in Turkey, while Ifo business confidence index in Germany and Dallas Fed manufacturing index in the US will be important abroad.

Technically, 10,800 and 10,900 levels are in the resistance position, while 10,700 and 10,600 levels are in the support position in the BIST 100 index.