Business

Borsa Istanbul is at the top of the world

Despite the sharp fluctuations in the exchange rate, Borsa Istanbul, which completed the last year with an increase of 25.8%, climbed to the top of the world in the first trading week of 2022. In Borsa Istanbul, the index rose by 9.46% last week.

Thus, in the first week of the year, Borsa Istanbul became the world’s highest emerging market. BIST-100 became the world’s highest rising index with 45.5% in the last 3 months and 46.2% in the last 6 months.

Sri Lanka was the second-highest rising market after Borsa Istanbul with 8.6% last week. The market value of companies traded in the stock market increased by ₺223 billion last week, exceeding ₺2.1 trillion.

THY HAS A LOCOMOTIVE SHARE

The index that rose the most in the stock market last week was the transportation index, which includes Turkish Airlines (THY). While the transportation index rose 21.6% last week, the outflow in THY shares was 24.58%.

Industry shares, which were the locomotive of the stock market as well as the Turkish economy last year, started this year fast. In the first week of the new year, when the industry index rose 8%, Kardemir D made a premium of 25.85%, Petkim 21.1% and Tupras 21%.

Portfolio managers state that Borsa Istanbul will continue to be buyers this year, while companies with strong export revenues may differentiate positively during the year. Although there are important risk factors for global stock markets in 2022, analysts state that the BIST 100 index in Borsa Istanbul may rise to 3,000 points.

Source: Sabah / Translated by Irem Yildiz

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