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BIST 100 Index in Borsa Istanbul reached an all-time high

BIST 100 index in Borsa Istanbul reached an all-time high, reaching 2,709.01 points at the opening.

At the opening, the BIST 100 index rose to 2,709.01 points, gaining 24.55 points and 0.91% compared to the previous close. Thus, the index broke a record at the opening.

The banking index increased by 1.07% and the holding index increased by 0.92%. While all sector indices started the day with an increase, transportation was the highest earner with 1.20%.

Highest closing of all time

BIST 100 index gained 1.39% yesterday, closing its all-time high with 2,684.46 points.

Analysts said that global stock markets followed a positive course as concerns about geopolitical risks were pushed back and investors focused on better-than-expected company financial results and macroeconomic data.

Intensive data agenda will be followed

Analysts stated that today, in addition to the Bank of England (BoE) interest rate decision, an intense data agenda will be followed. The BoE, which has been increasing interest rates by 25 basis points at every meeting since December, reported that it is expected to increase interest rates by 50 basis points this month.

Analysts stated that technically, the BIST 100 index is at the level of 2.720 as resistance and 2.600 points as support.

Source: Trthaber / Translated by Irem Yildiz

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