The BIST 100 index in Borsa Istanbul started the day at 10,738.78 points, up 0.54 percent.
At the opening, the BIST 100 index increased by 57.87 points and 0.54 percent compared to the previous close to 10,738.78 points. Thebanking index increased by 0.70 percent and the holding index by 0.43 percent. Among the sector indices, the highest gainer was food and beverage with 1.31 percent, while the only loser was insurance with 0.46 percent.
Yesterday, the BIST 100 index in Borsa Istanbul, which followed a favorable course, ended the day at 10,680.91 points, up 1.85 percent. Analysts said that global equity markets followed a cautious course as the data released yesterday in the US gave mixed signals, and today, the core personal consumption expenditures price index data, which the US Federal Reserve (Fed) considers as an inflation indicator, has become the focus of investors.
On the other hand, domestic eyes turned to the General Assembly meeting of the Financial Action Task Force (FATF), where Turkey’s status on the gray list will also be discussed.
The Law Proposal on Amendments to the Capital Markets Law, which includes regulations on crypto assets, was accepted and enacted into law in the General Assembly of the Turkish Grand National Assembly on Wednesday.
In his statements yesterday, Vice President Cevdet Yılmaz emphasized that Turkey has made all the necessary arrangements to be removed from the list and said, “The last time it was said that ‘regulation on cryptocurrencies is missing’. This has also been completed. In the past months, a technical group of the task group came to Turkey. They made field inspections. We know that an extremely positive report came out from there. Therefore, there does not seem to be a technical problem.”
Analysts reminded that today is also the end of maturity in index and equity futures contracts, and reported that volatility may be high due to posison closing and transportation transactions.
Stating that the foreign trade balance and Service Producer Price Index in Turkey and the intense data agenda, especially the core personal consumption expenditures in the USA, will be followed today, analysts noted that 10,800 and 10,900 points are in the resistance position, 10,600 and 10,500 levels are in the support position in the BIST 100 index.
